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To: Alias Shrugged who wrote (5916)12/22/1997 8:36:00 PM
From: Judy  Read Replies (1) | Respond to of 95453
 
Mike,

Re: "Pretty sickening, eh?"

No, it is called trading when it is relatively predictable. And fund managers have a fiduciary responsiblity to lock in profits for their investors.

Before one focuses on OI for January, be aware institutions have established special put option trades that expire by year end. Heard on CNBC today.



To: Alias Shrugged who wrote (5916)12/22/1997 9:45:00 PM
From: SJS  Read Replies (1) | Respond to of 95453
 
Mike,

Put OPEN interest, if I am not mistaken, is BULLISH. It means that people sold puts. That means that if they sold puts, they want to stock to go up (so they don't get it PUT to them).

If people are buying puts, that would mean trouble. As well open puts have to be closed (bought back) to cover. When the stock goes up, puts lose value and you can buy them back cheaper.