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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Alias Shrugged who wrote (5916)12/22/1997 9:45:00 PM
From: SJS  Read Replies (1) of 95453
 
Mike,

Put OPEN interest, if I am not mistaken, is BULLISH. It means that people sold puts. That means that if they sold puts, they want to stock to go up (so they don't get it PUT to them).

If people are buying puts, that would mean trouble. As well open puts have to be closed (bought back) to cover. When the stock goes up, puts lose value and you can buy them back cheaper.
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