Classic TA Workplace Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bcrafty who wrote (63620)	1/13/2003 4:27:15 PM
From: mishedlo	of 209892

IQuato is technically correct but logically wrong. One of these thing the eyeball can detect but the algorythm can not. C max pain is not 50. Or a better way of putting it is that it is a nearly impossible 50. It appears someone recently bought a large number of deep ITM puts (acting more like a short). These were hedged with insanity prevention calls for .05 at strikes 45 and 50. That is my best guess as to what is happening. This is precicely why I prefer the eyeball method, to eliminate this type of nonsense. Right now, I would put max pain on C at 37 1/2. This would kill 44K calls and 24K puts. The rest is noise IMO. As for QQQ CSCO INTC MSFT. All trading right at or close to maximum pain levels. I gave ranges yesterday cause there is very little differeence between strikes. Somethimes between several strikes as with QQQ. It appears they are trying to pin stocks to the uppen end of these ranges. For distribution purposes? Who knows. To me bullish sentiment is pretty rampant for a market that is just going sideways. Everyone expecting INTC tomorrow to produce a reaction. Notr sure there will be anything but a yawn. MSFT or IBM might produce a better reaction later in the week. M

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next