Classic TA Workplace 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 : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: At_The_Ask who wrote (45927)	7/17/2002 9:44:11 AM
From: John Madarasz	Read Replies (2) of 209892

re: mysterious buy iterest...who knows??<g> Rumors have been floating around about heavy institutional buying of S&P futures near the bottom of Monday's wildly volatile session. Like everyone else, I don't know whether this is true or not. We will, however, know by this weekend when the latest open interest breakdown in stock index futures is released. One thing that strikes me as odd, however, is the lack of institutional participation in SPX options during Monday's session. Pull up the Morning Edition datafile for the SPX on our PutCallWatch service, and you'll see that firms accounted for only 12% of Monday's SPX volume. You'd think that if institutions were really that involved in the futures, there would be a commensurate surge in SPX option activity. The fact that there wasn't makes me a bit suspicious of the institutional buying theory. Interestingly, if you look back at times when the percentage of firm involvement did surge, it almost always occurred on a rally day in the S&P, and just happened to precede the next leg down in the market. www.astrikos.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next