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

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To: Zeev Hed who wrote (80235)6/17/2002 10:41:48 PM
From: mishedlo  Read Replies (2) of 99280
 
Zeev we are not that far from Max Pain.
Why do you think we are far?

CSCO is 15, ding ding
MSFT is 50, well above
INTC at 27 1/2 well yes that is far
QQQ is 30. hmmn almost there with this rally

Max Pain on QQQ dropped a full 1/2 point today.
30 and 31 are equal, but there are more calls than puts at every strike from 28 on up. Since 30 and 31 are equal I usually assume either the middle (30 1/2) or figure the greater number of options will be taken out and that is calls which would make it 30.

I believe with todays rally they have killed the time on about everything. Small gap and hold tomorrow, and gap and crap on wed will do it.

Another Max Pain victory for da boys is at hand.
With calls outnumbering puts at every strike, I would call this a limited success already, even if we turn down and stay down tomorrow, given the huge perponderance of calls.

M
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