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Re: nancy2 post# 270124

Thursday, 07/15/2004 6:05:18 PM

Thursday, July 15, 2004 6:05:18 PM

Post# of 704019
Maybe, but overall equity puts activity was not excessively high... if you are right, than tomorrow might actually see a delta hedging with a deep excursion under $35 on the QQQ. I don't know if Yahoo's report is correct but they show 208,000 and 261,000 puts at $35 and $36 respectively and only 90.000 and 211.000 calls at $35 and $36 respectively, closing at $36 seems to inflict ,more pain than at $35. (by about 300,000 contracts which would go out worthless), my guess they will try for $36.

AZH

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