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To: mrs goldberg who wrote (12471)4/12/2000 6:10:00 PM
From: A.L. Reagan  Respond to of 35685
 
starting to look like prunes on their way to being raisins!!!

Why Dealer has an advantage in these type markets!

As an example, May QQQ $86 puts shown at 6x6.5. Other tranches have better liquidity and are looking mighty tempting. QQQ @ $82 (to lose the put write bet) = COMPX @ a bit under 3,300 by May (not quite apples to apples - QQQ is on NAZ 100, but close enough.) Every hedge fund and his brother is buying puts apparently.