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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (68490)	2/16/2001 11:26:28 AM
From: pater tenebrarum	Read Replies (2) of 436258

yes, p/c ratios are relatively high today...i saw an institutional dump of OEX puts right at the open...my guess is they did this because they had in mind to buy the gap down and wanted some fuel for that by selling puts. that can of course magnify a decline when we close in on the strikes they have sold... right now we have the overall p/c at 0,78 and OEX at 1,75 - that's down from a huge spike to 4 at the open.

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