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Strategies & Market Trends : JoAT's QQQ System -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (62)	4/16/2004 12:17:20 PM
From: yard_man	Read Replies (1) \| Respond to of 942

ur system takes into account OI changes, I would guess -- not asking you to divulge anything here -- but I noticed that after yesterday OI in the may strikes has moved to about a neutral expectation about QQQ = 36 (up a lot in the last 3-4 trading days -- as it was heavily biased to "up" expectations) Today at expiry for April huge and heavy support base on the put side -- more than 2:1 35 puts:37 calls It would seem that what I call neutral is really not neutral, since often when I have looked -- there is usually a pretty good bias in the OI about the current price -- at least 1.5:1 (puts:calls) or more?? thoughts ... OI in isolation I am sure is a loser and more goes into a trading system than that -- I have other reasons why I am will to remain short here, too.