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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: milan0 who wrote (87997)	1/19/2000 4:41:00 AM
From: Petz	Read Replies (1) \| Respond to of 1576167

Michel, thanks for that table of open interest and your analysis. Also, I agree with you that the OI is only one day late. I was remembering looking at the OI on index options as shown in the New York Times, which would of course be a day later than the internet. As to how useful this data is, I've read that if the stock price is rising but CALL OI is rising (percentage-wise) less than PUT OI, that this is a contrary indicator. But I've never had the time to check out this theory. Petz

To: milan0 who wrote (87997)	1/19/2000 7:51:00 AM
From: Road Walker	Read Replies (1) \| Respond to of 1576167

Michel, May I ask where you got the OI information? TIA, John

To: milan0 who wrote (87997)	1/19/2000 12:01:00 PM
From: Charles R	Read Replies (1) \| Respond to of 1576167

Michel, <Re open interests > Thanks for taking the time to compile and post the open interest data. By the way, here is what I think I saw: - Significant drop in Jan 25s - corresponding increase in 30/35/40 (probably a lot of rolling up) - For April the movement seems to be from 30s to 40s - Quite a bit of growth in February options - Very high call to put ratio - so there are a lot of folks who have written AMD options (covered or naked) - Very little interest in options beyond April. I am personally surprised that LEAPs have not seen much growth. What does the rest of the thread think about the data? Any insights? Chuck