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Strategies & Market Trends : Tech Stock Options
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To: Kevin who wrote (30428)12/5/1997 10:22:00 AM
From: Patrick Slevin   of 58727
 
BTW, of possible interest is this note from an e-mail I got from a friend who watches option pricing.

(As if we needed yet another way of looking at the market)

He said just before 11 EST with the SP7Z over a point below the morning high the calls were being offered at the high and the bid on puts was below the low. A tipoff that the specialists were happy to sell puts but not calls. This, along with the failure to fill the opening gap was a signal to stay long.

It's too much for me to follow....some people have a lot of time on their hands, I suppose.
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