SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (65595)8/30/2003 7:35:03 AM
From: Real Man  Read Replies (2) | Respond to of 94695
 
I saw that. High put OI was the case before the rally, I believe. Coupled with extremely low VXN (26 at the bottom), it may be extremely bearish. Commercials will have to hedge if the index blows through these strikes. Also, note that the volume has been decreasing - not much buying pushes it up. We need several strong down days to confirm reversal.