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To: jjstingray who wrote (68914)3/18/2003 4:14:13 PM
From: JRI  Respond to of 209892
 
JJ- (puts) sure, that's the story now...story can change of course...its early..

But I'd say there is certainly enough bear doubt for Alan's "C" to take place....will see what tomorrow brings..



To: jjstingray who wrote (68914)3/18/2003 7:12:01 PM
From: mishedlo  Respond to of 209892
 
Did you see the calls we blew thu on the way up. Right now I am wondering if hedge funds are buying calls and then driving it that way and might do the same with puts.

None of this flow is institutional as they are out of cash.
If no one has cash upside is limited. The way to get cash is buy put and sell what you got. Delta hedging will send it like a rock the other way.

That is my thought but WTFDIK.

M


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