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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (16590)	3/30/2011 2:47:20 PM
From: KingHigh	Read Replies (1) \| Respond to of 222362

Also high volume on the SPY March31 133 calls & high volume on the SPY March31 132 puts, so we could expect the value to gravitate between 132 & 133 for tomorrow's close, maybe they will try to fill or partially fill today's gap. I see pretty equal volume on SPX 1325 puts and call, maybe the big guys are just collecting premium and then plan roll the ITM options to the Friday weeklies. Tomorrow's options settle at the closing price. Next week is already WWW, coming as early as possible on the 6th, so I expect some volatility as the MMs roll their options forward, and I will look for any good chance to increase my delta, buy the dip and add to my long positions. I if I'm wrong about this and they want to march onward & upward without pulling back, I am happy with my current longs as I see a 1442 target starting to develop. Lots of bears could be stuck at these levels and higher so we won't know if they will get much chance to cover without being squeezed. But pretty much everyone sees this level (1330-1335) as resistance as evidenced by these option volumes, so a pull back adds hope to the bears and more fuel to the advance. We'll see what the market wants to do.