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Assuming that the big players can control it, they'll shoot to minimize
the cost of in the money puts and calls so if option players are long
calls they will tend to hold the price back until expiration, then
rally. Easier to do in some of the other commodities where you can look
at option OI and see where the commercials will try to close on options
expiration day.
Earl
----- Original Message -----
From: <Jpilleafe@xxxxxxx>
To: <eadamy@xxxxxxxxxx>; <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, June 15, 2000 8:46 AM
Subject: Re: [RT] Re: Don't like where the spoo is going
> In a message dated 6/15/00 7:42:13 AM Pacific Daylight Time,
> eadamy@xxxxxxxxxx writes:
>
> << I'm real cautious on the spoo ... my timing models on both NYSE and
NASDAQ
> remain bullish but the price action looks like trading range bound. >>
>
>
> Thanks Earl for the note on the S&P500. With regard to today and
> tomorrow,...do you have any feel for how "expiration" could affect
things.
> The consensus expectation is for a bullish influence,..but I suspect
not.
> Any thoughts appreciated. Thanks in advance. Regards, JIM Pilliod
>
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