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To: chenys who wrote (19074)7/15/1998 12:08:00 PM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 45548
 
If the assumption of all long call/put is correct then 27.5
is closest to the most probable expiration price. However, if the assumption is wrong,
then it would be open ended, to certain extent.


The majority of options are long puts and calls. Not necessarily wise, but that is the case.

Glenn