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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: SJS who wrote (4241)1/19/1999 3:47:00 PM
From: Daflye  Read Replies (3) | Respond to of 99985
 
Yep.
The largest single trade in the NDX options was a 200 block at the FEB 1600 puts, at the intraday high of 10 1/2.
Someone just made a $210,000 bet that the NDX will correct more than 20% in the next 4 weeks.
Gutsy, stupid, foolish, or genius?????

D

EDIT: Looks like the trade was split into a couple blocks between 10 and 10 1/2. Oops.