MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Killswitch who wrote (13417)	7/15/2002 1:19:55 PM
From: Killswitch	Read Replies (3) of 19219

"Record-Breaking QQQ Open Interest 07/15/02 12:43 PM EDT A most interesting note from Price Headley of Big Trends. He observes that there is a big concentration of QQQ (QQQ:Amex) calls, the July 25s, which have 194,121 contracts outstanding. Just above the current QQQ price, this represents stout resistance. It is, by the way, the biggest QQQ open interest of any strike, be it put or call. A big concentration of puts below the current QQQ level would have bullish implications, but does not exist now. Price feels that this condition will preclude a good rally until Friday’s option expiration is out of the way and then we will get one. I think he is right on in his thinking."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next