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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (80649)6/18/2002 3:48:08 PM
From: Shack  Read Replies (2) | Respond to of 99280
 
I agree with you mish. I track daily open interest numbers on the QQQ series and for 2 weeks we have had a dramatic decrease in the O/I putcall ratio, through a period where we saw high daily P/C.

We saw a lot of trading of puts but very few new contracts were opened. Meanwhile I calculated a whopping 300K new call contracts opened in the June/July series since June 6. That's why we have so many calls sitting on all the strikes today.



To: mishedlo who wrote (80649)6/18/2002 4:18:44 PM
From: brightness00  Respond to of 99280
 
I agree with you 100% that Open Interest being the king. IMHO, transaction volume is statisticly correlated to the change in Open Interest, first order derivative (in the mathematical sense, not financial instrument) if you will ;-)