AI
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Tuesday, March 01, 2005 5:47:13 PM
*SMH options, first off, the SMH closed today at $34.78. To get an idea of how bullish the market is on the SMH, look at the open interest between the $35 March puts & calls.
$35 puts = 21,543 vs. 88,832 for $35 calls!
There's more then 4X interest in calls then puts. Someone sure made a lot of money today selling those calls, I wonder if by chance it had anything to do with the upgrades today, what if it was the same brokerage houses selling the calls?
Right now, the Semi's seem to be the only hope bulls have in tech-land to keep this "bounce" going, there is a gap on INTC up to $26.05 left from July, INTC closed today at $24.62, most gaps get filled, will Intel's be filled?
$35 puts = 21,543 vs. 88,832 for $35 calls!
There's more then 4X interest in calls then puts. Someone sure made a lot of money today selling those calls, I wonder if by chance it had anything to do with the upgrades today, what if it was the same brokerage houses selling the calls?
Right now, the Semi's seem to be the only hope bulls have in tech-land to keep this "bounce" going, there is a gap on INTC up to $26.05 left from July, INTC closed today at $24.62, most gaps get filled, will Intel's be filled?
HI-HO SILVER !!!
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