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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

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To: donald sew who wrote (18885)	6/30/1999 8:00:00 AM
From: dealmakr	Read Replies (1) of 99985

don, Could be that Goldman's buy of 20000 on the DJX is just a hedge, it just stands out because of being traded on the DJX instead of the OEX or SPX, maybe it was for a customer to hedge a large fund position to delta neutral prior to the Fed meeting or some insurance. Cost was about 5mm. You never know what the other side of the hedge could be, but it makes for some interesting speculation, I just don't think it was a naked buy without an offsetting position elsewhere, but thats my .02. Good Trading Dave

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