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To: marginmike who wrote (127149)12/16/2005 10:53:52 AM
From: ajtj99  Respond to of 209892
 
Well, SPX calls are at about 133,000 this AM vs 29,000 puts on the CBOE. That's supposed to be smart money.

I think Monday we'll have Put/Call readings around 0.75-0.80 as in the money calls will have been closed and normal trading resumes.

Look at the open interest in the QQQQ calls for Dec. today. The in the money stuff's been closed down to nearly zero except for the 42 strike.


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