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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Haim R. Branisteanu who wrote (17629)6/18/1999 1:12:00 AM
From: Gersh Avery  Read Replies (1) | Respond to of 99985
 
Hi Hiam

Re: "There must be substantial OI in the stock option for this to work."

Would you suggest size of OI or percentage of existing shares covered
by the options?

data :

OEX close 682.36
OEX options strike 675.01
Sum of components 658.27

Data as of 6/17 ~6PM

top 10 outside of strike by points
close strike points percentage
ORCL 34 7/8 25.02 9.86 39.42%
TXN 133 1/2 125.02 8.48 6.79%
UIS 38 3/8 30.02 8.36 27.84%
HAL 47 5/8 40.02 7.61 19.01%
CSCO 117 3/8 110.02 7.36 6.69%
AA 67 3/8 60.02 7.36 12.26%
ARC 87 5/16 80.02 7.30 9.12%
BHI 34 9/16 27.51 7.06 25.65%
CSC 66 7/8 60.02 6.86 11.43%
FLR 41 13/16 35.02 6.80 19.41%

top 10 outside of strike by percentage

NSM 21 5/8 15.018 6.607 44.00%
ORCL 34 7/8 25.015 9.860 39.42%
UIS 38 3/8 30.018 8.357 27.84%
BHI 34 9/16 27.507 7.055 25.65%
TOY 21 13/16 17.506 4.306 24.60%
MKG 36 11/16 30.018 6.670 22.22%
BS 7 15/16 10.005 -2.067 -20.66%
HM 8 10.001 -2.001 -20.01%
FLR 41 13/16 35.015 6.797 19.41%
HAL 47 5/8 40.018 7.607 19.01%

top 10 by strike change from yesterday
change
TAN 90 9/16 85.02 5.55 6.53% 10.00
HON 121 1/2 115.02 6.48 5.64% 10.00
LTD 45 3/8 50.01 -4.64 -9.27% 5.01
AIG 121 3/16 115.02 6.17 5.37% 5.00
ROK 60 3/16 55.02 5.17 9.40% 5.00
NT 86 80.02 5.98 7.48% 5.00
MSFT 82 7/8 80.00 2.88 3.60% 4.99
MER 74 7/8 75.00 -0.12 -0.17% 4.99
NSC 31 1/2 35.00 -3.50 -9.99% 4.99
CHA 51 1/4 50.00 1.25 2.50% 4.98

Red fork tines:
Upper : 1313.81 (-26.09)
Mid : 1255.45 (-84.45)
Lower : 1197.09 (-142.81)

Black fork tines:
Upper : 1378.15 (38.25)
Mid : 1342.58 (2.68)
Lower : 1307.01 (-32.89)

Prem values for the day:
buy trigger 15.66
fair value 12.86
sell trigger 10.74

Globex opening trigger values:
Buy trigger : 6 (1355.56)
Sell trigger : -486 (1350.64)

Gersh