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To: yard_man who wrote (3966)8/17/1998 3:02:00 PM
From: Joseph G.  Read Replies (1) | Respond to of 86076
 
The facts are there, but the reason is different. It's not that dealers set any price they want, if they do they won't have much business. The reason is large number of "traders" are buying calls and thus pull premiums high.