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To: venividivici who wrote (134363)7/13/2006 8:54:02 PM
From: Jack of All Trades  Read Replies (2) | Respond to of 209892
 
OI on the July QQQQ currently looks like a 37-38 close at expirey is possible. It will be interesting to see what happens to those 285K 37 puts traded today, will they be mainly opened or closed...

optionsxpress.com



To: venividivici who wrote (134363)7/14/2006 7:51:31 AM
From: Moominoid  Respond to of 209892
 
My best guess is there is a similar ABC up here but on a larger scale - so we end up with ABC-X-ABC as the complete "summer rally" and the same move on the SPX, but obviously making more total progress there. Of course could be a flat correction also with an impulse up here which would get the bulls really happy and some bears very frustrated :)

PS - FA:

Looks like GE exactly hit its number so no impetus from GE news. Stock is off a few cents currently.