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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (21481)11/18/1998 4:10:00 AM
From: IQBAL LATIF  Read Replies (2) of 50167
 
Tuesday, Nov 17 1998 6:45PM ET

Hello Ike,

Thanks for sharing your insights on the market. I agree with you, I think we'll test 1128 on the futures by Friday (options expiration)

I was just checking the open interest on the

SPX cboe.pcquote.com

&

OEX cboe.pcquote.com

There are a lot of calls above 1125 & 550 which the Boys will like to see expire worthless compare to puts. Call it profit taking, consolidation, retracement, etc... Of course the open interest on these options can change in the next 3 trading sessions. But if the market cont. up then the Boys are going to PAY big time. After Friday expiration, manipulation?... I believe the market will resume its move up.

Regards,

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