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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (43922)10/12/1999 6:37:00 PM
From: Jack of All Trades  Read Replies (1) of 94695
 
Bill,

I was holding OX 670s and 685s because I got a limit on both, so I made out ok. Max Pain 685-690 and Put volume seemed to be higher than call volume. Question is, is whether the Put volume was writers or retail buyers. The 670s seemed like they were all going off at the bid which makes me beleive they were writers trying to cover what they wrote last week... It will be interesting to see the OI tonite.

If we bounce and are continually sold into, we are going down hard next week. IMO

Jeff
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