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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?

To: Ira Player who wrote (2255)	2/7/2003 10:29:36 AM
From: Bridge Player	Read Replies (2) \| Respond to of 2317

<<"European" puts this DITM would be selling at a discount. The professionals would buy them and exercise immediately, keeping the spread as the toll for the trade... >> Do you mean that pros would buy European puts and exercise immediately????? How would that be possible?

To: Ira Player who wrote (2255)	2/7/2003 10:46:51 AM
From: OX	Respond to of 2317

the below article says that a fund wanted to buy QQQ and long puts, but couldn't get the price so instead did the put spread knowing they would get assigned... voila! thestreet.com altho now i suspect the above is right, on any specific day, it's hard to believe the OI figures as reported. for example, yest morning, OI for 55puts were 73k, but when quotes refreshed at EOD, OI "popped" to 250k. so altho this mornings 46k may be accurate, I think it bears rechecking over the course of a few days to be sure. (i have some software which tracks vol/OI closely on a number of series, and u would not believe how many are misreported from day to day)