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Strategies & Market Trends : Waiting for the big Kahuna
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To: jitka who wrote (87903)6/11/2009 4:42:41 PM
From: Real Man  Read Replies (2) of 94695
 
No, GM is a non-event, but options expiration is skewed to
the upside. Too many calls are in the money. The week is
unpredictable, but that's not a bullish options setup. Max
pain on QQQQ is 34, max pain on SPY is 83. If anything,
the surprise with GM auction could be down, as it was
downplayed a lot.
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