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


To: Jerry Olson who wrote (32659)1/9/1998 3:45:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 58727
 
Oj

the hell it wont effect you or I

a program sell hits

Kevin has a tight neutral zone

the premium for puts is jacked

the market goes to his buy point for puts...he pays a higher prem than normal

the market whipsaws him (just happened to him recently .whipsawed him back and forth...but dont know if it was because of a buy/sell program)

why does the market whipsaw him

because it was a tight neutral zone...the market goes back up after the sell program...and the prem is stripped from the put more than normal because as Kevin indicated they jack the prem on a buy/sell program

can you understand now?

not saying it happens all the time

i am saying there is a potential

(not to mention the problem with making a profit on OEX anyway..and why traders are bailing on it)



To: Jerry Olson who wrote (32659)1/9/1998 3:49:00 PM
From: j g cordes  Read Replies (1) | Respond to of 58727
 
That does it.. now they're messing with Nas 1500! So I'm wondering, what if the computers decided to get into an ".. I can sell more than you can" contest with each other? Could happen, just a little glitch in the programs that say sell everything if it gets lower than -300 until it gets halted at -350, or is it -500 now?