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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.47

+0.6%

Nov 28 4:00 PM EST

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To: Monty Lenard who wrote (4847)	1/28/1999 7:02:00 PM
From: Gersh Avery	Read Replies (1) of 99985

Monty ! Thanks for posting that! "Did you notice the huge spreads today? I saw many with 1/2 to as much as 2 and I am not talking about thinly traded stuff either. " I've seen that kind of action all the time .. but I play options a lot. The market makers open the spread when they want to unload. Raising a price makes people want to buy and dropping a price makes people want to sell. When the spread widens that makes folks want to hold 'cause they figure if they wait they will get a better price then if they sell now .. but what is goin' on is that the MM boys are sellin' and doin' as little buyin' as possible. Spread (on options anyways) always opens when they figure there is a turn about to take place. See it all the time .. every day that I play them things. If it's anywhere near your sell point and you see that spread open, dump fast 'cause they are. Gersh

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