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To: jbn3 who wrote (36455)4/3/1998 11:39:00 AM
From: Gabriel008  Respond to of 176387
 
3, CBOE reports more April index puts being bought than calls. This is because of the DOW hovering at the 9000 level & many figure there is going to be a pullback due to profit-taking. IMO this only means that the MM's will try to take the market higher at options expiration this month. Let's hope the put buyers continue to out purchase the call buyers & keep this market up.