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market_watcher

06/16/03 2:37 PM

#119931 RE: Bearmove #119920

O/I at some relevant option strike prices:

Calls:

27 129431
28 146431
29 117348
30 148284
Total: 541494

Puts:

29 251553(these are iffy, b/c I doubt we go below 29)
30 166387
31 79966
32 15090
Total: 512996(about half this w/o the 29s)

When you consider all the other calls that are appreciating today, e.g. 107000 contracts at 26, 70,000 at 25, and the lack of any significant contracts on the put side above 32, you have to think that the oe this week should be skewed to the downside.