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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: RP Svoboda who wrote (2770)10/17/2001 9:33:38 PM
From: Dan Duchardt  Read Replies (1) of 5205
 
Boda,

As of today's close, the MaxPain point is still solidly at 50. All else being equal, 50 is still the magnet, but all else might not be equal after today's action. If the market is stable tomorrow, I would not be surprised to see QCOM pull back to 45 to shake out the substantial number of 45 calls, and then run back to 50 to knock out those 50 puts. I also would not be surprised to see the whole thing slip lower, QCOM along with the rest.

iqauto.com

Dan
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