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To: jgideon who wrote (2861)4/16/1999 4:01:00 PM
From: Peter V  Read Replies (1) | Respond to of 3645
 
Usually the contracts close on the option price, as the pros are usually the ones selling the options, and don't want to have to deliver. Sinking below the strike puts all those sellers at risk, unless they really want all that stock put to them (but that makes little sense).