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

To: pater tenebrarum who wrote (20808)	7/22/1999 4:31:00 PM
From: KM	Read Replies (1) \| Respond to of 99985

Interesting snippet on GSCO selling SPX puts today from Options Buzz in theStreet.com: Meanwhile, in the index options pits, Goldman Sachs was said to be a heavy seller of Standard & Poor's 500 index 1370 puts to the tune of 4,000 contracts. Total volume was 6,140 contracts, compared with open interest of a scant 365 contracts. The puts crossed at 32 1/2 ($3,250), up 9 1/8 ($912.50). "If that's the case, it sounds like Goldman's either getting bullish or has made a lot of money on the downturn already," says Greg Simmons, options specialist and head of Linear Capital Management in Newport Beach, Calif. The S&P 500 was down 20.45, or 1.48%, to 1,348.84.