MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 688.98

+0.5%

Jan 22 4:00 PM EST

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To: dennis michael patterson who wrote (31862)	10/29/1999 6:28:00 PM
From: pater tenebrarum	Read Replies (3) of 99985

Dennis, the most interesting aspect is the equity call volume...it's near an all time record as far as i can tell. also the total call open interest is in the stratosphere. what this means is that the rally could very well extend into expiration driven by delta hedging...however, after expiration, look out below... regards, hb

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