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


To: donald sew who wrote (28657)10/7/1999 11:29:00 AM
From: Benkea  Respond to of 99985
 
PLENTY of vol in the nuts though.



To: donald sew who wrote (28657)10/7/1999 12:07:00 PM
From: Dwight E. Karlsen  Respond to of 99985
 
I sold my index call positions, which I initiated last WED [of last week].

With the SPX over 45 pts higher, I did ok, but not as well as I would have hoped. Mainly, the MMs stripped every bit of premium off them. I had SPX Oct. 1290 and DJX Oct. 102. Also sold the SPX Nov. 1300. Just was in a selling mood.

See ya.



To: donald sew who wrote (28657)10/7/1999 1:01:00 PM
From: Ramsey Su  Read Replies (5) | Respond to of 99985
 
donald,

i was just informed by my broker, Dreyfus, that they are out of qqq to short. I wonder if that is saying anything. I thought qqq is extremely liquid with tons of derivatives to trade.

Nasdaq seems to be driven by internets and telecomm takeover rumors. Is this one form of sector rotation?

FED did not raise rates but is biased. Is it not true that Greenspan cannot unilaterally raise or lower rates mid section unless there is an announced bias in either direction? So Greenspan has the option to "surprise" the market before the next FOMC meeting?

What do you think?

Ramsey