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Flow's Diner

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A hedge....or a spec?

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Heads up Minyans--

A customer walked into the pit and bought 4,000 S&P February 1125 puts. The Minx is thus far digesting the supply (the dealer who sold those puts must sell S&P futures as a hedge) but I wanted to make sure you saw it. As it stands, we're seeing volatility better bid this morning (options to buy).

Thanks kindly--I'll be back.

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