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To: patron_anejo_por_favor who wrote (257611)8/25/2003 11:39:19 PM
From: mishedlo  Read Replies (6) | Respond to of 436258
 
Huge numbers of QQQ puts being bought last couple days.

There's 80K new puts in O/I on the Sept 32's since last week. Probably much more tomorrow after the 70K traded today.

Now....
Is this the smart money or more stupid bears piling on to QQQ puts so the market has huge built in option support.

I really wish people would stop buying these d*mn QQQ puts.

Up Up and Away?
=======
Ork & Earlie .... the PUT OI is exploding here.
Not looking good for bears.
But....
If we do head down it could be a doozie with all the delta hedging.

M



To: patron_anejo_por_favor who wrote (257611)8/26/2003 9:30:40 AM
From: Lucretius  Read Replies (1) | Respond to of 436258
 
just checking in from the old AOL dialup.. i see the thread has sunk into political BS discussion -g-

you guys are supposed to be making the mkt sink. not talking about politics. get on it. -g-


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