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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%Nov 19 4:00 PM EST

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To: Cathedra who wrote (34585)12/2/1999 7:06:00 PM
From: Les H  Read Replies (1) of 99985
 
There's been extremely high index hedging thanks to Y2K. If you look at the Nasdaq 100, the ratio is much more lopsided in favor of puts, sometimes 4-to-1 or 6-to-1 in recent days.
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