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To: kckip who wrote (128579)1/28/2006 4:50:45 PM
From: Win-Lose-Draw  Respond to of 209892
 
...the very bullish P?C ratios in QQQQ and SPY with the very bearish P/C ratios I'm seeing in many of the individual large-cap, highly optioned stocks (MSFT, INTC, CSCO, GOOG, IBM, C, etc.) Any thoughts?

Some of that is undoubtably dispersion (or dispersion-like) trading.



To: kckip who wrote (128579)1/28/2006 5:14:58 PM
From: Shack  Read Replies (2) | Respond to of 209892
 
I think half a million puts at QQQQ 41 trumps them all. And FWIW I remember some chatter in january that CSCO couldn't possibly rally due to all the calls that were on the Jan 17.50 strike, we all saw what happened.

Its certainly not a science, this type of O/I analysis. However on the QQQQ, I have never seen a monstrous quantity of open contracts, as we see right now on the 41 puts, finish up ITM.