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

To: Suresh who wrote (51630)	9/8/1998 9:53:00 AM
From: Patrick Slevin	Respond to of 58727

<Is this a case of position unwinding before future expiration ? > I doubt it, it seems like Cash and Futures have been trading places a lot recently. Particularly with the volatility it seems like the pits are just driving the market down with free spoos(discount to Cash) and then driving it back up gain with a hefty premium. I guess bigger traders won't allow the discount to continue for very long, but while the Futures are in freefall and at a discount everyone steps aside until the water level starts to equalize, it seems. One hypothesis about Friday that I read was that the Fed stepped in and loaded the boat on Futures near the end of the day. The logic seems believable. <If I remember correctly someone was indicating that weeks leading to triple witching generally moves in the direction of market movement for the period. > I read something like that recently myself. I forgot the entire rationale but that was the gist of it. Gotta get going, good luck today.