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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: sun-tzu who wrote (138389)12/12/2001 10:29:51 PM
From: mishedlo  Read Replies (1) of 436258
 
Sun - IF we do turn down - BIG IF
Delta hedging will send tis thing in a freefall.

I am more inclined to believe they will manage to hold off the decline until right before expiry where a 100 point drop in a few days is all we get and that would be consistent with max pain on the QQQ's at about 39-40.

Much below that and we have MAJOR tankage.
M
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