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Strategies & Market Trends : The OEX... gasp!
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To: Patrick Hartmann who wrote (358)1/15/1997 9:34:00 PM
From: Patrick Slevin   of 658
 
Ya'know, I think you hit the nail on the head. No one wants this thing to come down (apologies to the guys who own puts).

There's a helluva large open interest in Jan in-the-money calls, and the real players own 'em. Besides, the market's on a freaking tear! Sure, wait for a selloff & go long.

For now, anyway.
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