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About 70% of the trading in the OEX is non directional market maker to market
maker. If the public is buying puts..the floor is shorting futures and buying
calls. You have to be real cautious about how you use p/c data in a world
where the lions share of trading is hedge related.
MORIMOTO, Kozo (FinAssets) wrote:
> > This looks interesting:
> >
> > S&P 100 Index-(OEX,OEW,OEY)
> > OEX CALL VOLUME: 140725 OEX CALL OPEN INTEREST: 177233
> > OEX PUT VOLUME: 92299 OEX PUT OPEN INTEREST: 224078
> > OEX TOTAL VOLUME: 233024 OEX TOTAL OPEN INTEREST: 401311
> > OEX LEVELS HIGH: 536.79 LOW: 512.74 CLOSE: 515.81 -20.98
> >
> > Why would so many more calls than puts be brought in a market like
> > today's?
> > Some believe we are bottoming?
> --------------------------------
> Please excuse my ignorance, but how can you tell from the above that people
> were buying? Maybe they were covering their losing positions? You don't
> happen to have the previous day's O/I?
>
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>
> The contents of this message are the views of the Author and
> do not necessarily reflect the views of SUNCORP-METWAY LTD.
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