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Strategies & Market Trends : Tech Stock Options
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To: Darth Trader who wrote (36184)3/6/1998 3:05:00 PM
From: Kevin  Read Replies (1) of 58727
 
>>>short covering and dip buyers only <<<

I agree DT. The Big Boys are taking little part in this rally IMO.
When the SPX runs 18 points, I usually see positive block money flow of at least $800 million for the SPX, but usually closer to $2 billion.

Today, we're negative $336 million so far.

Based on this and my reads from earlier this week, I just picked up OEX April 500 puts @ $11. I'll hold my breath and see what happens.

See ya!
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