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Since an option on a notional principal contract is closely connected with the underlying contract, the Treasury Department and the IRS believe that such an option should be treated as a similar agreement within the meaning of section 1256(b)(2)(B). Average True Range An SMA of the price "true range" over a number of periods. A transition to haze may occur when smoke particles have traveled great distances (25 to 100 statute miles or more) and when the larger particles have settled out and the remaining particles have be widely scattered through the atmosphere.

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