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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (43030)	2/6/2003 2:20:19 PM
From: bruceleroy1_-	Read Replies (1) \| Respond to of 52237

25,000 traded on amex and 259,500 on PHLX

To: Paul Shread who wrote (43030)	2/6/2003 2:56:49 PM
From: Kip518	Respond to of 52237

From Rev. Shark Options Chatter 2/06/03 11:26 AM ET There is lots of talk out there about the spike in the put/call ratio this morning. On Street Insight, Peter Lobravico is reporting that a customer sold 300,000 January 45 Nasdaq 100 Trust (QQQ:Amex) puts. There is also a big surge in volume in the QQQs, which means this is probably a variation of a strategy called a bear put spread where you buy a higher strike price and sell a lower one. I'm no options expert and I'll let someone else delve into the nuances of this strategy, but this is what's skewering the put/call ratio and the QQQ volu thestreet.com