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On Top of the Options Craze

Traders Magazine, January 2005

Mark Longo

Welcome to Tuesday morning hell. The stock is tanking after the company has cut its earnings estimate. There goes your year-end bonus. So, you fire up the trading screens and scan for bids in the stock. No luck. The guy next to you pounds his keyboard, but the bids don't come. He's glancing nervously at a family photo. It looks like junior's going to state school next year. Oh, brother.

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