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To: skinowski who wrote (260)12/3/2005 1:04:50 PM
From: Perspective  Read Replies (3) | Respond to of 656
 
Ski,

The commercials are flat the big S&P, but have gone very short by the mini. The "mini" is by no means small potatoes; notional open interest in the big is less than 2x the mini. And they went short 110K mini in the latest report!

cftc.gov

They're also short 70k NDX mini, a pretty sizable position and actually far more heavily traded than the NDX big.

Somewhere I used to have a link to graphs of this stuff, but can't find it.

BC