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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Greg Jung who wrote (80560)7/21/2001 11:14:51 AM
From: mishedlo  Respond to of 99985
 
Look at INTC - Huge numbers of puts and calls.
Closed withing .03 of 30. Exactly as expected.

Yes I understand this does not always work but on the very very heavily optioned stocks it usually performs excatly this way.

Regardless of how poor INTC's earnings were, they were destined to drive it back to 30. Huge numbers of calls said that was where the rally would die.

Worked like a charm.

M