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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (65201)	2/3/2003 5:21:23 PM
From: Paul Shread	Read Replies (3) of 209892

From a DJ options report at 15:31, posted on ihub: "The ratio of equity puts traded to calls spiked. While this usually indicates mounting investor caution and is considered a bullish signal by contrarians, Monday's heavy put volume was accounted for by an unusually large put trade involving long-term puts on the QQQ, or Nasdaq 100 Tracking Stock, expiring 2005. "Specifically, an institutional investor bought more than 110,000 contracts of the January 45 puts expiring 2005, while selling a roughly similar number of the January 55 puts expiring 2005. It isn't immediately apparent what drove this trade. "The QQQ most recently was ahead 12 cents to $24.56. Its January 45 puts expiring 2005 were at $20.40 as 121,001 contracts traded at the CBOE and the American Stock Exchange. The January 55 puts expiring 2005 were at $30.30 as 112,750 contracts traded at these two exchanges."

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