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

To: Tom Trader who wrote (29069)	11/21/1997 9:37:00 AM
From: broken_cookie	Read Replies (1) \| Respond to of 58727

Hello Tom, There has been alot of talk saying that this rally is expiry related. You probably read Autumn's post of Cramer's column earlier. Larry McMillan's take posted on the Stock Swap thread on Tuesday: Expiration week is most often arb-influenced. Referring to data provided by Larry McMillan's published work, his guess is- ¯ If the OEX stays range bound between 875 and 910 arb influence will be nil. ¯ If the OEX moves past 910, then the further it goes the more they will push it higher. ¯ If the OEX drops below 875, the arbs would look to drop it lower. If this is the case, think there's a chance for a pullback next week? Holiday weeks can be weird. Will you ride your trade (OEX puts) through the weekend? And ..., what you been doing with the bond futures lately? TIA, and re last weekend, you know how to handle yourself, very cool. edit: looks like that classic gap that fails to hold, you've refered to.