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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: SeaViewer who wrote (14815)6/2/2004 3:25:52 PM
From: mishedlo  Read Replies (1) of 110194
 
The market volume has been low for quite a while.

Low volume chop favors max pain.
Too may puts to go down hard IMO.
Look at this nonsense on QQQ
32 159K
33 348K
34 399K
35 473K
36 286K
37 141K
==========================
1,800,000+ QQQ puts

Look at the Call side
34 93K
35 183K
36 268K
37 187K
38 185K
==================================
916K

Take a look at what happens at QQQ 36
out of 2,716,000+ options, a close at 36 on the 18th and
276,000 calls finish ITM
141,000 puts finish ITM
=================================
417,000 options ITM
2,299,000 options go up in smoke

Guess where I think we are headed?
M
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