Jim's Nasdaq100 Special as a basket. Message Board

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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.

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To: jjs_ynot who wrote (1373)	10/18/1999 12:14:00 AM
From: James F. Hopkins	Read Replies (1) of 2103

Dave ; If your doing the MP on SPX I would use the ten top SPX stocks, like wise the OEX.. However I would not be to particular on weighting the option activity like the stocks are weighted. The reason for that is because it takes more option activity to effect a big cap stock than a smaller one. Lets say You wind up with the same option activity in MSFT as DELL..well MSFT is effecting the SPX index 4 times more than DELL , but it also takes 4 times more option activity in MSFT to effect it that it does in DELL. So in respect to options and MP towards the index I'd be tempted to just give them all the same weight. Some little accuracy could be gained buy dividing the activity by the market cap to come up with a number on each, and then doing the weight but I don't think it would be that much to be worth the double work. I messed around and only got part of the nitty gritty done on where options closed for OCT before they took em off.. What I saw said there is still some down side pressure.. in spite of the bad week more calls won for the month than puts. Other factors need to be considered that could over ride MP , I'm sort of on wait and see. -------------- OCT 18 23:35 flash...BOJs Hayami To closely watch impact of FX on corp profits ,, ------------------ If it gets out that the BOJ will intervene the dollar could rally Asia is down as I write this but it's had a good rally.. and some money might just run back this way looking for bargains they see our stocks as having fell more than we do..as they have a strong yen now ( but what I'm saying is very ify..) Jim

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