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Re: Dimension post# 8391

Monday, 10/11/2004 10:01:12 AM

Monday, October 11, 2004 10:01:12 AM

Post# of 8921
Dim, the open interest has been decreasing on the qqq October 35 put (from 308K last Thur. to 276K this morning).

I'm a little confused. I thought open interest could only increase (until expiration). What type of transaction causes it to decrease?

Thanks.

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