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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: ajtj99 who wrote (21406)1/12/2002 6:27:36 PM
From: mishedlo  Read Replies (2) of 99280
 
AJ - I am looking at February and for some reason there are far far more options in March than FEB.
I do not know if they do roll next friday into FEB or what.

But my observation is that there are hardly any QQQ calls in February but lots of them in March.
But...
There is still a huge number of QQQ puts at the 40 level (relative to calls). One might conclude that any pullback in february will not go far before it turns sharply up.

Thus I offer my "radish" short term forecast of a decline not extending more than 1 week after expiry (10 day max).
In fact the decline might end immediately after expiry, just like it did in November.

This view would have a bullish outlook for February at least up to and perhaps beyond March.

Looking longer, how about more sideways churn until Zeev's Late Spring/Early summer retest kicks back in.

I think I have the same scenario as Zeev but with different result in February. But... I want to see how those options roll at this expiry.

All, this is predicated once again on a sideways range-bound market with Max pain continuing to be the rule.

Thoughts?

M
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