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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Thean who wrote (4543)12/5/1997 10:02:00 PM
From: Nancy  Read Replies (1) of 95453
 
Theon,

take a look of OSX (Oil Service Index) open interest for both call & put, both Dec & Jan

206.7.107.50

tell me what you think.

lots of transaction on the put side for Jan series today. Also open interest is much much larger than call side.

In equity option I would say it is contrarian, but in index, esp over 1/2 of the components of OSX are easily manipulated i.e. RON is the 2nd largest component ...
there are rooms for playing games.

thanks for your view.
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