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To: Perspective who wrote (106786)6/5/2001 11:25:31 PM
From: oldirtybastard  Read Replies (1) | Respond to of 436258
 
LOL, been seeing a lot of barking from fed heads about there being no inflation, trying to jawbone as usual since they're unable to do anything else at this point, makes me feel good about buying this dip in the miners.



To: Perspective who wrote (106786)6/5/2001 11:55:01 PM
From: mishedlo  Read Replies (2) | Respond to of 436258
 
I posed this same question to Zeev.
Thoughts from anyone else here?

What do you make of the open interest in MSFT JUN calls?

Enormous.
IBM similar but not as robust by a long shot.
CBOE just cleared the data but I did manage to write dowm MSFT.

Rounded numbers
JUN 65 Calls 14,000
JUN 65 Puts 19,000

Jun 70 Calls 75,000
Jun 70 Puts 58,000

Jun 75 Calls 88,000
Jun 75 Puts 27,000

Jun 80 Calls 23,500
Jun 80 Puts 700

Clearly pain (which has not worked very well lately) is at 70. But there are huge bets on the long side on 75's and 80's. Absolutely nuts. I cannot believe the 80's are covered calls as who would risk their stock for 10 cents.
Sell of naked calls for 10 cents does not make any sense either.

The only conclusion one can arrive at is someone intends to jam this SOB to 80 in a couple weeks. QQQ puts will not be a pretty sight if that happens.

Can this much volume be J6P?
Hedge long term QQQ PUTs with MSFT or QQQ calls?

M



To: Perspective who wrote (106786)6/6/2001 12:29:58 AM
From: NOW  Respond to of 436258
 
HEre is one view of inflation that begs to differ:

ntrs.com

Broaddus is talking out of every side of his mouth and then some: years later he can say: well I warned about that.



To: Perspective who wrote (106786)6/6/2001 12:58:10 AM
From: JRI  Respond to of 436258
 
<Broaddus also said there was ``relatively little risk at present of a resurgence of either inflation or inflation expectations.'' However, he noted the increase in consumer prices as well as an increase in inflation expectations according to Treasury bond rates>

Oh, come on BC, everyone knows the consumer is an insignificant part of the U.S. economy <G>



To: Perspective who wrote (106786)6/6/2001 8:00:26 AM
From: At_The_Ask  Read Replies (1) | Respond to of 436258
 
This will really make your brain hurt.

"Two-thirds of those questioned say the major energy problem is high prices, while Bush's national energy plan focuses on increasing supplies."

Yeah, low supply and high prices dont have anything to do with each other.

quote.bloomberg.com