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Subject:  Re: Why We Avoid Options Date:  1/4/2002  11:12 PM
Author:  giselher Number:  5516 of 11188

"The near month shot up to 103% and the far months went up to 178%"

" ... far-term options are trading at a 75% discount relative to the near-term .."

Seems like the vols are mixed up? Near month higher than far,
thats what I would expect.

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