Ted-
Just watched your interview of options "expert" Schwartz. Do you think he actually looked at stock imbalances this am? He claimed they were mostly "takeover stocks, and the rest were probably daytraders positions." Just to give you a few examples of the imbalances:
JNJ sell 285,000
PEP sell 386,400
DD sell 300,800
T sell 767,600
MRK sell 590,500
XON sell 577,500
LU sell 649,200
KO sell 545,500
C sell 305,300
IBM sell 400,400
I could go on, but you get the picture. Looks like there were some index-related positions being unwound to me-what do you think? Unless you know some daytraders who had some size to get rid of.
I'd like to know what Mr. Schwartz's explanation for the huge volume on the open this morning was.
Thanks for letting me vent.
IJ
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