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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (34936)	9/11/2001 2:51:49 AM
From: velociraptor_	Respond to of 37746

Don't let the daily numbers fool you. Daily P/C ratios are high recently, yes, but total open interest P/C ratio is actually quite low and falling. QQQ open interest for example, has 8 Call strikes where out of the money open interest is 100,000+. The highest out of the money Put open interest is 37,000. A move of even a few QQQ points to the upside will start putting a lot of those Calls in the money at twice the rate that Puts will become out of the money.

To: mishedlo who wrote (34936)	9/11/2001 5:30:03 AM
From: LTK007	Read Replies (2) \| Respond to of 37746

mishedlo,i have been reading from those who have access to such data,that the puts are being bought in the main by Commercial money,not the average investor(the yuppie/boomers)(my term for J6P,as i,i have said before,i consider the term J6P points at the blue-collar class,where i firmly believe the problem does NOT! originate). Do your figures break that down? But regardless,i think we have a short-respite bottom now--but in this market,short can mean very short:) Paxmax