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

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To: mishedlo who wrote (36474)3/3/2002 5:49:07 PM
From: t2  Read Replies (2) of 99280
 
That is a Max Pain victory in my book.
Hedge at the top in expiry week and let it drop.
Make no mistake about it, the option crooks won big last month, on both sides!


Thanks for correcting me; that means max pain on qqq is working very well for months now.

Do you see them running it up in the next little while and holding it there?
What would happen if by chance the rally stops and the Nasdaq drops somewhat and qqq does not get close to max pain? Does that create the possibility of a sharp downward move?

I still have a hard time understanding why the market would converge to max pain on the QQQs. Why does it not work as well on the Nasdaq big caps, or does it?

jmho
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