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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: hobo who wrote (9933)	3/8/2001 7:13:14 PM
From: bonnuss_in_austin	Respond to of 10876

Wow. Thank you, toscano. Very much appreciate./eom

To: hobo who wrote (9933)	3/9/2001 7:22:01 AM
From: Poet	Read Replies (1) \| Respond to of 10876

You are so good, Tosc. Thanks for your answer to Bonnie. You'll be sorely missed while on vacation, believe me.

To: hobo who wrote (9933)	3/9/2001 12:51:57 PM
From: OX	Read Replies (1) \| Respond to of 10876

I don't normally read this thread, but wandering by on a search, so please pardon if this has been discussed already... QQQ options now trade on 4 exchanges... very soon to be all 5 (PHLX is the last). did anyone catch the below? and also the massive calls traded the day before. notice that all of these options traded at the CBOE. I haven't looked more closely, but my guess is it's a pure setup for press releases to come from the CBOE on how they are trading such a high volume on QQQ options. my guess is that all of these large trades are fully hedged/riskless trades in order to generate volume. much like I think the initial MNX volume was used to as fodder for CBOE press releases. schaeffersresearch.com > 5:52:41 PM > There were two very large block trades on the Nasdaq-100 Trust (QQQ - > 48.50) that went off today on the CBOE. The first was a strangle trade > that involved approximately 100,000 April 43 puts for 1.50 and the > same number of April 53 calls for 2.10. These transactions happened > between 3:25 and 4:05 and appear to be sales. If this is the case, the > seller collected $360 for every pair of contracts sold. The objective > of the short strangle is for the QQQ to finish between the strike > levels, 43.00 and 53.00, by April expiration. The breakeven points for > this trade are 39.40 and 56.60. > > The other trade was a straddle in which about 40,000 April 48 puts and > April 48 calls changed hands at 3.40 and 4.20, respectively. These > trades occurred between 2:55 and 4:05 and also appear to be sales. If > so, the seller collected $760 for each contract pair sold. The > objective of this short straddle is for the QQQ to close at 48 by > April expiration in order to achieve full profitablity. The breakeven > points for this trade are 40.40 and 55.60. Between these points, the > trade will yield a profit. Outside these levels will result in a loss.