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Strategies & Market Trends : Options

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To: Jill who started this subject10/23/2000 11:19:41 PM
From: Dr. Diligence   of 8096
 
A pattern first seen. I look for more experts' ideas.

Today I looked at QCOM options, it is the first time I see such a clear distinction between puts and calls volumes, for Nov options, virtually all today's put volume is at/below 75, but almost all today's call volume is at/above 75. The same with Dec options.

It looks to me institutions (who sold these options) are very bullish on QCOM in short-term and 75 is a super-significant support level. Or is it a contrarian indictor and 75 is resistance? Highly appreciate more experts' opinions.
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