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Post# of 704041
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Zeev Hed

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Zeev Hed

Re: Justa Werkenstiff post# 323235

Tuesday, 11/16/2004 4:16:25 PM

Tuesday, November 16, 2004 4:16:25 PM

Post# of 704041
I don't really like to use the EPC on expiry day itself, it is too skewed by positions closing. Despite the haircut today, the EPC stayed under .65, so no danger of a fast real reversal. I think they have a chance of bringing the QQQ to the $37 area before expiry, obviating the need for delta hedging.

AZH

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