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

To: Shack who wrote (80663)	6/18/2002 4:07:51 PM
From: mishedlo	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. Thanks for that support shack. You confirmed my beliefs(but also backed up with Max Pain analysis) with actual numbers. That is why I think PC ratio is overrated as a tool. The bible is options open interest: CBOE M