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The Impact of Structured Product Desks on the Equity Market
How much does structural supply and demand imbalance in the market affect those probabilities though it affects them very heavily. When a large institution comes in for the month in its overwriting program and sells 20,000 upside calls in June on MGM or whatever it is that's going to move the price down a whole bunch. Nothing changed other than a transaction in the marketplace and a materialization of supply and demand we're going to go away from my bad ideas with then just I want to get your thoughts on some other topics here talking about all these programs that are coming to the market and creating supply and demand imbalances.