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To: Paul Shread who wrote (65213)2/3/2003 5:31:34 PM
From: stomper  Respond to of 209892
 
Gawd, there has got to be an easier, or at least equally effective, bet/hedge/position. Somebody's blackbox is working overtime.

-dave



To: Paul Shread who wrote (65213)2/3/2003 7:35:10 PM
From: mishedlo  Read Replies (2) | Respond to of 209892
 
More than likely it was some sort of bear spread returning $ to the investor. If we can agree that both 45 and and 55 are not going to happen then I believe the person making the play can pocket that money and collect interest on it for free. There was an analysis of this on Ihub.

Now as for Put/Call ratio, this play should not even come close to figuring in on the ratio (but it will cause there is no way that trade can be excluded). Thus, today's PC ratio is 100% noise. Subtracting out that play, the number of puts to calls was actually relatively low.

M



To: Paul Shread who wrote (65213)2/3/2003 10:05:10 PM
From: Mr. Aloha  Respond to of 209892
 
I believe that quote was from my post here: investorshub.com

The actual, adjusted put/call ratio should be under .5:
investorshub.com

It was a giant Put Ratio Backspread:
investorshub.com

Bottom line is the put/call ratio today was skewed by this giant trade, and the underlying put/call action today was excessively optimistic.