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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: Venditâ„¢ who wrote (2223)11/19/2004 9:15:42 PM
From: Walkingshadow  Read Replies (1) of 8752
 
Interestingly, the max pain point for QQQ today was $37.00.

It is rather unusual for QQQ to go into expiry trading significantly away from the max pain point.... this was one week where that happened. As of yesterday's close at $39.29, QQQ was about 6.2% above its max pain point, which is rather great for QQQ. That will tend to cause the options pits to generally try to push the market lower. Often they cannot do so alone, but still this was significant, a conclusion that is consistent with QQQ's performance today.

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