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

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To: Secret_Agent_Man who wrote (213939)1/12/2003 12:54:39 AM
From: mishedlo  Read Replies (1) of 436258
 
iqauto.com

On IBM Max pain is 80 but a glance at the chain suggests that puts outnumber calls at 70 75 and 80.
Calls outnmumber puts at 85 and above.
85 might be a better target that 80.

QLGC pain is 37 1/2 but there are not even close enough options on that to matter. Pain is irrelevant IMO.

EBAY pain is 65 but significant numbers of options are more centered around 70.

I like 20K minimun before a correlation can be made.
EBAY meets that but the "pain increase" from 70-to 65 is not that significant.

If QQQ pulls back to maximum pain QQQ 26, I would expect
EBAY 67
IBM 83
QLGC 38

Now the question is, does QQQ fall back to max pain or will they jam the tape?

If we close next week below 25.5 I think we are headed straight to the toilet.

Max pain on the individua issues only gonna happen if QQQ sinks. The key might be INTC tuesday evening.

CSCO max pain is 15 and they been keeping it close with 77K puts at 15.

M
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