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To: mishedlo who wrote (95467)4/17/2001 8:07:14 PM
From: XBrit  Read Replies (1) of 436258
 
I don't usually pay much attention to options expiration effects. However, I notice that there are a boatload of April DJX puts open, roughly 250,000 contracts. If traded, that would be 25 million DIA.

Looks like max pain would be served by a close on Friday (Edit: or Thursday?) in the 10300-10400 range. We have seen sharp, and obviously orchestrated, late-day ramps in the Dow 3 days in a row now, and I'm beginning to think this really is an option-expiration game.

Anybody else got an opinion?
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