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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (9443)7/11/2002 6:10:51 PM
From: Dave Gore   of 16631
 
BTK indeed rallied today and the 5 to 1 call/put ratio on CSCO calls yesterday was followed up today by a 4/1 call-put volume. Volume was heavy today with 16,000+ July 12.50 and 15 calls vs. 4,000+ puts.

Massive QQQ options volume today with a 5 to 1 Jul 25 call to put ratio, with nearly 100,000 call volume.

MSFT Jul 50 and 55 call volume was 19,000 vs. 9,000 put volume today.

Hmmmm.... not unlike the pre-May 8th rally, as I said yesterday. I am beginning to think that watching the volume on QQQ options or the options of favorite stocks like CSCO really can be predictive. We'll see, but over the last 3 months that I have been loosely watching, they appear to show some merit.

Next week we can expect the value to get sucked out of options premiums at some point, of course, as expiration looms.
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