Replies to post #60350 on Zeev's Turnips Patch-No Politics (ZEEV)

[JMKel]

I think you are correct. They have been selling freight cars full of index puts for the last week... Also equity puts...

Intel is heading up and MSFT will also IMO.
This will drive QQQ up as well and stress the QQQ puts.
CSCO has been looking good for several days now....very solid performance.

[cannabis]

QLGC says yes,MERQ says maybe not.KLAC will break the impasse.

[questor]

Wahz: You said "I think we are about to have a January put buyer massacre."

(1) any special reason why?

(2) what about February?

Best wishes, Questor.

[wahz]

Jan put buyer massacre begun in earnest.I agree that 1397 should be problematic...so it probably won't be. 1420 target, and then we just have to see what momentum exists at that time

[wahz]

Looks to me like we have a good 6% left in the qqq's...26.80 should be pretty likely before expiry...that should get nasdaq to 1430.