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

To: pater tenebrarum who wrote (28527)	10/6/1999 6:51:00 PM
From: Stephen M. DeMoss	Read Replies (1) \| Respond to of 99985

I was referring to the open interest (yes). Most of the put buying was done the past 3 days. Until the past 3 days, Calls were about 6-1 versus put interest. It evened out to about 2-1 by today. My other interest here was the premiums awarded these puts. Near today's close, I sold 20 OCTOBER 150 puts for $2/share! That is 25 out of the money with 7 full trading days to go. The market gave me $4,000 for 7 days. Until recently, the put costs/prices were low. I am still amazed, with all the 'after market movement', how the market gave me $4000 for 7 days & 25 points (plus afterhours). It tells me we won't be going up for long(?). We shall see! Steve D.