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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (179357)7/12/2002 7:08:24 PM
From: mishedlo  Read Replies (2) of 436258
 
Max Pain - Mish calls an early victory for "da crooks".
QQQ 25
DELL 25 (I shorting this pig via puts on any bounce)
CSCO hit 14.98 toady (this close to expiry I call it a victory with a little leeway. Ya gotta admit a runup on this pig from 13 to 15 in two days is amazing stuff).

INTC too far off and you simply have to pay hommage to delta hedging.
As always QQQ is the main target, CSCO MSFT INTC secondary targets.

My "rule" for a victory is if it hits during expiry week. If you grant me one day I WIN. Too easy to delta hedge whichever way they want to run it during expiry week, thus my rule.

Max Pain rules every month this year except last month.

M
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