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Hi Kyle,

Sorry for the delayed response, but I was out of the office for a week getting married.

The VBA series are the January 2009 Bank of America options, whereas the BAC series is the January 2007 Bank of America options.

Obviously, options that expire in 2007 trade at a discount to options that expire in 2009.

The VBA series originally was the January 2007 options, but this LEAPS symbol "rolled over" to the near-term BAC symbol on June 12th.

LEAPS series are recycled, so once the January 2007 options rolled over to BAC, the VBA were recycled as the January 2009 options series.

http://www.888options.com/help/faq/leaps.jsp#7

Jim
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