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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: pater tenebrarum who wrote (32485)	11/5/1999 7:11:00 PM
From: Stephen M. DeMoss	Read Replies (2) of 99985

Hb, Those calls could be naked ie. people in the know were selling the calls naked knowing the stock will retrace after decision was released. I sold naked puts on YHOO after their earnings were released and collected $4,000 for waiting two weeks. It may not have been people betting it would go up. Steve D.

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