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Balanced Fare: We Report, You Deride

Wednesday, March 19, 2003

Good Luck To The Gamma-Man

This may be one of the wildest option expiration weeks ever. The forty eight hour deadline for Saddam passes Wednesday night and we have a triple witching hour on Friday (Friday morning for some of the index contracts, Friday afternoon for equity options). My guess - nobody with sense is short calls, which explains why I am. Hey - they were out of the money when I sold them! And I am pretending they are covered, just so you know.

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