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To: Square_Dealings who wrote (77405)	7/14/2003 8:33:12 PM
From: JRI	Respond to of 209892

hey, 2 "down" posts on this thread...that's some sort of near-term record g,ng 9.5x to 1 appears so lopsided (given other indicators which are nearly as bullish) to make me think there is something else baked in that pie (be it commercials or hedging or..)

To: Square_Dealings who wrote (77405)	7/14/2003 8:38:33 PM
From: byhiselo	Respond to of 209892

<<Unless the puts are owned by the commercials and they decide the market is going down>> if so, somebody sold all those puts to the commercials and it wasn't an outsider like me barring a good-size asteroid striking this planet, those puts will not be anywhere near the money...imagine the frenzied attempt to salvage premium as QQQ trades to lets say 30.50 g cheers