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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (81081)	9/10/2003 6:42:30 PM
From: The Freep	Read Replies (1) of 209892

OK, here's something that I guess either goes in the bullish camp OR in the "they're finally right!" camp. I just looked at the QQQ options series in October. I decided to add up the calls and puts from 28 to 38 (sandwiching today's close). I also only used hundreds and up (so 22891 was 22800 in my calculations, figuring that it'd be close enough). This does NOT include today's action (which appears to show 49K plus on Oct 33 puts, though I don't know if that's closing or opening). Anyway... From 28 to 38 on the QQQ we have 288,000 calls 915,100 puts More than 3 times as many puts, eh? It's not until QQQ 35 that you find a strike where calls outnumber puts. Heck, there are more puts alone at 30 than there are total calls from 28 to 38! Now, I admit I don't know that this is conclusive proof of anything other than there being a lot of puts out there, but I'm curious if you or anyone here has any take on this? It almost makes me a believer in MC's AAC <g> the freep

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