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Strategies & Market Trends : Action & Options- Taxikid plays -- Ignore unavailable to you. Want to Upgrade?


To: Druss who wrote (2764)11/16/1997 5:16:00 PM
From: Harry Ehrlich  Respond to of 4339
 
Quick question: The calls on DJX seem to be clustered around 80, puts around 75. I'm not sure how to interpret this, there is more action for the puts than the calls at 75.

Possibly, the market will rally to 8000, rendering all those 75 puts worthless as well the calls & puts at 80 (not much action on the 75 calls). I'm not perfectly clear on how that works. But I feel comfortable that the Dow will stay between 7500 and 8000 for the week.

Any input would be appreciated.

Harry