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You must have invented a time machine? Even illegal inside information is not 100 % since inside deals do not always work out. Be carefull since the sec might consider use of a time machine as advance information which might be considered illegal.
profitok <profitok@xxxxxxxxxxxxx> wrote:
Helloyou must look at the ratio was it as hi as 7 to 1or 10 to 1?Alsowhen you examine open interest tonight after the close 6 pm est and thenexamine it again at 830am est you see a BIG difference as the exchangehad the final countSO what count the most is the morning prior to expirationbut even the day before would show 10 to 1 you could bet the housenice dayBen----- Original Message -----From: "BobR" <bobrabcd@xxxxxxxxxxxxx>To: <realtraders@xxxxxxxxxxxxxxx>Sent: Thursday, January 24, 2002 11:40 AMSubject: Re: [RT] Option Sentiment Indicator> Perhaps that works two out of three times, not so sure about 3 out of 3> expirations though. I recall some March expirations that had large putopen> interest and it was accompanied by a large downdraft in stock prices. The> contrary notion did not work.>>> ----- Original Message -----> From: "profitok" <profitok@xxxxxxxxxxxxx>> To: <realtraders@xxxxxxxxxxxxxxx>> Sent: Thursday, January 24, 2002 8:35 AM> Subject: Re: [RT] Option Sentiment Indicator>>> > Alex> >> > I have lost $500000 between 1973 and 1987 in the option game,,> > and FINALLY figured out how to decide at what spice an index orstock> > will close on expiration day> > it is very simple at that is what you want reported hourly> > the open interest for example for the qqq Feb. 38 put compare tothe> > open interest of the 38 call> > the same for 39 and 40> > and same for 37 36 and 35> > (a total of 5 above current price and 5 under current price)> > what you will see is that when put open interest is 5 times and aboveof> > the call open interest that price CAN be broken intra day but not ona> > closing bases,,> > a 7 put to 1 call ratio would be VERY unlikely to have penetrated> > intra day> > and 10 and above I would bet my home on it to not be traded under,,> > this would be very useful as one would know the MAJOR support and> > resistance and sell calls when we get close to resistance or buy puts> > any questions?> > nice day> > Ben> > ----- Original Message -----> > From: "Jacobson, Alex" <AJacobson@xxxxxxxxxxxxxx>> > To: <realtraders@xxxxxxxxxxxxxxx>> > Sent: Thursday, January 24, 2002 10:32 AM> > Subject: [RT] Option Sentiment Indicator> >> >> > > Hey list .. I'd like your input on a proposed new sentiment indicator.> > >> > > Here at the ISE all of our orderflow is electronic .... retail,> > > institutional, professional ... it's all electronic. What we are> thinking> > > about doing is taking periodic snapshots (maybe every 10 seconds) of> our> > > completed orderflow. Orders to buy calls or sell puts would be> considered> > > bullish and orders to buy puts and sell calls would be considered> bearish.> > > The data may or may not be weighted by the size of the orders .. too> early> > > to tell. Some folks have suggested weighting the data based on most> > active> > > issues as well.> > >> > > In effect if in the 10 second window we completed 500 bullish ordersand> > 400> > > bearish orders the indicator would be 1.25 .... again scale issues are> yet> > > to be worked out. Zero numbers would a problem and we are working out> > some> > > thoughts on that. It has never occurred, but it is not impossible.> > >> > > In effect this would create a pseudo tiki type indicator based onoption> > > orders completed ....... tiki has some advantages because of marketcap> > > issues.> > >> > > I'd appreciate hearing your comments.> > >> > > Alex Jacobson> > > Vice President Business Development> > > I S E> > > 212 897 8125> > > 212 425 4926 (FAX)> > > 877 7209918 (SKYPAGE)> > > ajacobson@xxxxxxxxxxxxxx> > >> > >> > >> > > To unsubscribe from this group, send an email to:> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx> > >> > >> > >> > > Your use of Yahoo! Groups is subject to> http://docs.yahoo.com/info/terms/> > >> > >> >> >> >> > To unsubscribe from this group, send an email to:> > realtraders-unsubscribe@xxxxxxxxxxxxxxx> >> >> >> > Your use of Yahoo! Groups is subject tohttp://docs.yahoo.com/info/terms/> >> >>>>> To unsubscribe from this group, send an email to:> realtraders-unsubscribe@xxxxxxxxxxxxxxx>>>> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/>>To unsubscribe from this group, send an email to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour use of Yahoo! Groups is subject to the Yahoo! Terms of Service. Do You Yahoo!?
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