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To: donald sew who wrote (42692)5/8/1998 11:15:00 AM
From: ratan lal  Read Replies (1) | Respond to of 58727
 
donald

I had to close the 430's since it would then be naked.

I understand. BUT my question was - Why sell the 430's in the first place. They seemed to have reduced your profit substantially rather then improve it.

Was that because you were not comfortable with your 540 position and wanted to hedge it ??

ratan