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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (1832)	3/17/1998 12:06:00 PM
From: Ben Antanaitis	Read Replies (1) of 34808

Jerry, If IBM closed at 100+/- $.75 or so, then the maximum number of March'98 option contract holders, both puts and calls, regardless of the strike price they hold, would have worthless contracts. This is based on last nights CBOE data for March'98 IBM contracts. Could change by Friday. But you can look at the back history to see if the effect seems to have worked in the past. The analysis method, and rationale, is shown in the fully worked example linked(and flashing) at the bottom of the table. The chart shows the 'drift' direction that the stock would gravitate to if unaffected by external momentum forces eg news, lawsuits, Greenspan, etc. Ben A.

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