SPDR S&P 500 (SPY): Be: you are right: they buy only as much...

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Re: be post# 43020

Tuesday, 03/04/2008 11:00:55 AM

Tuesday, March 04, 2008 11:00:55 AM

Be: you are right: they buy only as much as necessary. THEY don’t overspend. On the other hand, right now, unlike yesterday, there is little demand for April and May puts. I think that this is because the wise guys think that they can get them much cheaper later. Also notice how strong is support 42.24. Numerology in action…It might not hold.

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