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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.39+0.5%Nov 28 4:00 PM EST

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To: pater tenebrarum who wrote (18476)6/24/1999 6:10:00 PM
From: KM  Read Replies (3) of 99985
 
From Street.com market roundup:

Goldman Sachs bought July 10,700 puts to the tune of 20,000 contracts, at an average price of 2 1/2 ($250 per contract), according to a trader at Wall Street Access. It was "a very bearish signal," the trader said. "Even if they bought stock and this is a hedge against it." The order crossed at 4:09 p.m. EDT.

Goldman Sachs declined to comment.

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