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JT123

04/12/11 7:22 PM

#506 RE: webx99 #505

Yes…now check the “probabilities”…67.15% calls, and 37.66% puts. How are you using these numbers? Is the output and interpretation consistent in columns O and P? Compare to line 8. When the option valuations are under the T price, a different formula may be needed.

JT