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To: jjstingray who wrote (69887)3/28/2003 2:13:17 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
Its a bit of an anomaly. There were huge blocks of April an May 22 QQQ puts crossed but the $ value is somewhat low since the options were at $0.05 an $0.25 respectively.

Still it was a few million $.



To: jjstingray who wrote (69887)3/28/2003 3:05:45 PM
From: mishedlo  Respond to of 209892
 
Yes but not really.
1) strike 22's are so far OTM that I do not think they mean a thing.
2) It was double counted (closing May puts and opening April Puts) One was a bullish play the other a bearish play. Net affect is actually meaningless but shows up as a huge spike
3) The amt of actual $ at risk now is way less
4) This kind of nonsense is why I do not like this ratio and I have harped about this at length

We need to look at OI this evening for a better read IMO.

M