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Technology Stocks : Ciena (CIEN)
CIEN 243.42-0.2%Jan 16 4:00 PM EST

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To: Ibexx who wrote (10985)5/16/2001 5:45:51 PM
From: jghutchison  Read Replies (1) of 12623
 
Ibexx,

The graphs are interesting, but the precision is somewhat lacking. It would be a very difficult call to discriminate between the 50, 55, or 60 strikes, especially when the stock can easily move 10 points in a day.

Do you know if the author has correlated the MaxPain call vs the closing price upon expiry? That would be an interesting exercise and prove out the concept.

Jack
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