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To: SJS who wrote (3697)11/24/1997 6:26:00 PM
From: Tom L. French  Read Replies (1) | Respond to of 95453
 
Steve

OK. Here is the quote of the week for me. I don't actually remember where I saw it, but it was here on SI somewhere. I also attended a workshop put on by CBOE and heard from an OEX trader the same thing, but explained technnically and in detail.

In the options/futures pits they have no idea what is on the news that day/moment; they are too busy too care.

BTW the OEX trader explained that their (traders) concern is balance. We make a trade, and they cover themselves (through options). If it goes up they make money, and if it goes down they make money. They DON'T care if it goes up OR down. Imagine that!

-TomLF