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Thanks Pete, read your email after sending a public thanks to everybody.
Meantime, some interesting 25%+ roi covered call strategies are setup for
those willing to take directional risk below breakeven point / above short
strike and willing to be patient for the return.
With AOL at $45, the Jan 2002 45 call is being bid $12.00.
Implied vols are finally reverting to mean.
Of course, there are other trades as well.
Gitanshu
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