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Politics : Formerly About Advanced Micro Devices
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To: Petz who wrote (98782)3/17/2000 2:00:00 AM
From: tejek  Read Replies (1) of 1571172
 
One final thing on AMD. THere WILL be extreme pressure tomorrow to cap AMD at 50, since there is a huge open interest in the 50 calls (11,000 contracts, representing 1.1 million shares). So there's about twice as much downward pressure if the price is above 50 than there is if the price stays below 50.

Petz,

And according to Max Pain, AMD is more likely to move towards 40 than 50.

Appreciate the explanation. Thanks.

ted
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