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To: David R. Colby who wrote (109516)3/15/1999 1:35:00 PM
From: Jill  Respond to of 176387
 
What is truly weird and counterintuitive about the puts is that as the premium declines, and stock goes up--i.e. as the trade becomes more and more successful and less and less risky, the margin held goes UP!??!?!?! It's really annoying.

Jill