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Re: None

Monday, 11/24/2008 12:51:49 AM

Monday, November 24, 2008 12:51:49 AM

Post# of 83074
In addition to my last post there is a lot of call buying going on out of the money. For those of you not familiar with options they are in short a bet of where you think an underlying security will go in a period of time. Calls are bets that they will be equal to or greater than the specific strike price and puts are if they will be equal to or less than. Open interest on each strike price can be used to forecast a stocks direction in the future. Notice the low amount of open interest in the put side. A lot of people think gold will hit at least 950 by December 19th. GLD and gold spot price is about 1:10.14.



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