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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Robert Giambrone who wrote (26649)	10/22/1997 9:49:00 PM
From: giddy guru	Respond to of 58727

//gg// Overall, SPX put activity swamped call activity by 35,618 to 5,506 at 1130 CDT/1630 GMT. PUT buying is about 7 times that of call buying!! Isn't that VERY BULLISH as a contra indicator? /gg/

To: Robert Giambrone who wrote (26649)	10/23/1997 8:17:00 AM
From: zx	Read Replies (1) \| Respond to of 58727

Hi Robert, as the market crashes this am being in puts would be a nice thing. great pick up of the put buying. i think program trading causes great swings in the market and moves it. are there put and call options in the TYX index. it is moving abnormally also and will correct when this crash is over. stocks are still reporting good earnings today. it would have been a good day. this can be an opportunity. lets use it. what ways can you think of. everyone. good luck, ag