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To: pater tenebrarum who wrote (68332)10/12/1999 6:43:00 PM
From: Jack of All Trades  Read Replies (1) | Respond to of 86076
 
heinz,

Watching the OEX 670 puts (OEYVN) seemed like alot of trades going off at the bid. These had some 23K OI, the bid seemed to bring a premeium this afternoon compared to the 675s. Somebody was trying to buy back what they wrote. They still have alot more to buy also. I'm targeting those on any weak bounce. I suspect many written in the $3-5 range trading around $2 now.

Selling calls to square the put may be dangerous this week...

Jeff