Zeev's Turnips Patch-No Politics (ZEEV)

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hmm, I think you completely misinterpreted my posts. I do not buy puts or calls. I write them; I think the few exchanges I had with jdassoc back in September and October should have made that clear. Anyhow, I did not open 100K Oct20 Puts. The entire open interest of Oct20 Puts was around 120K on 10/8 and early 10/9. That open interest jumped to around 220K on the morning of 10/10. (how big of a market maker do you take me to be? That big jump in open interest was why I turned bullish. I posted on 10/10 11:13AM "100K QQQ OCT20 Puts opened in the last couple days!" It was supposed to be a warning to bears. Then the next time I posted, it was 10/11 10:12AM, "Massive amount of QQQ Oct20Puts and Oct21Puts merged in the last 25 hours, we probably had our low before expiry, if not for the year." I think it should be quite clear which side of the tape I was on. I should point out, up through 10/9 I was quite bearish (e.g. http://www.investorshub.com/boards/read_msg.asp?message_id=527320); however the emergence of large quantities of puts on late 10/9 and early 10/10 changed the condition completely. BTW, I doubt anyone holding half the open interest would be posting on this board.

Since you asked for those posts where I expressed disagreement with the Turnips shortly after the October rally launched itself, here is but a couple examples among many posts where I argued against the bearish view of that time:

10/11 12:42pm http://www.investorshub.com/boards/read_msg.asp?message_id=533027 "IMHO, shorts are taking unnecessary risks here. Let the trend develop in your favor; what's the fun jumping in front of a freight train. The fact that Zeev set cash position to 45% last night after such a major reversal day should be indicative that the bulls have a heathy respect for risk, therefore the market still has room to run."

10/15 4:04pm http://www.investorshub.com/boards/read_msg.asp?message_id=539379 "Premature, IMHO. I'm holding tightly onto all my long positions."

10/18 4:00pm http://www.investorshub.com/boards/read_msg.asp?message_id=545198 "This predictaion makes no sense, IMHO. After an option expiration as strong as today's, there usually is follow-thru for a at least for a few days." BTW, I'm not sure about your turning entirely bullish on 10/16, since as late as 10/18 you were still talking about "going down," which elicited my response.

10/22 11:03am http://www.investorshub.com/boards/read_msg.asp?message_id=548765 "Sometimes I have to wonder how do many of the posters here stay in business. The top picking mania now is as foolish as the bottom picking exercise on the way down."

The date 10/14 was what jumped into my mind because I had to be away for Columbus Weekend and unable to trade on 10/14. It should have been late 10/11, at the beginning of the weekend, not the end. But anyhow, as you can see, we had a running disagreement through the entire following week and then some.