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

To: J L Segal who wrote (83295)	6/21/2002 6:20:10 PM
From: mishedlo	Respond to of 99280

Thanks JL for the comments on my images. I have no predictions for Monday based on today. I have not really tracked days following OE. There is no doubt there was delta hedging to cover puts. Did they cover this afternoon or will they hold em and try to cover at even better prices. Maybe this accounts for the possible small bounce the turnips called for next week. If selling continues unabated then they will perhaps cover over time or just hold to protect against puts that were rolled over. If they held them and short more to cover puts people start to buy right now, there is gonna be a massive short covering rally at some point. Then people will start buying zillions of calls and they will have to hedge against that. Possibly this feeds on itself untill the call buyers are exhausted and those early on the bandwagon take profits. Speculation but would like to see Zeevs thoughts. M