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If you still have a position in June mini S&P, you may find the bid/ask
spread out of line at times making it difficult and perhaps expensive to
get out of.
A better way is to switch to the Sep contract by doing a switch. The
current switch quote is 1150 at 1180.
If you are buying the June and selling the Sep, you could do it at 1150
(when this is being written at 9:00 AM EDT.
If you selling the June and Buying the Sep, you could do it at 1180.
The main point is you can get out of the June at a fair level relative
to the Sep.
Manning Stoller
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