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Strategies & Market Trends : MDA - Market Direction Analysis

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To: SJS who wrote (4241)	1/19/1999 3:47:00 PM
From: Daflye	Read Replies (3) of 99985

Yep. The largest single trade in the NDX options was a 200 block at the FEB 1600 puts, at the intraday high of 10 1/2. Someone just made a $210,000 bet that the NDX will correct more than 20% in the next 4 weeks. Gutsy, stupid, foolish, or genius????? D EDIT: Looks like the trade was split into a couple blocks between 10 and 10 1/2. Oops.

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