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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: t2 who wrote (61798)5/4/2002 8:11:30 PM
From: mishedlo  Read Replies (2) of 99280
 
NV I have stated many time that max pain can easily "fail" this month because
1) QQQ pain keeps wratcheting down
2) more importantly - options are very light on MSFT and light on INTC and CSCO.

What better time to tank the markets when delta hedging is easier because of light put options.

That said, time and time again we rally out of this situation, but I see no bounce here unless CSCO says something good.

M
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