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Technology Stocks : Lucent Technologies (LU)
LU 2.500-0.8%Nov 28 9:30 AM EST

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To: Ben Antanaitis who wrote (2979)7/12/1998 11:55:00 AM
From: Ben Antanaitis  Read Replies (2) of 21876
 
Just updated and posted the LU July'98 Max-Pain options analysis graphs. The LU Max-Pain point is $70 but $75 looks almost as probable.

Speaking of PAIN, according to an article in theStreet.com, Friday night, the options MMs are in a total rout this month. There may be a flood of MM blood on Wall Street next Friday across the tech sector. Based on today's Max-Pain data, the current value of the existing open interest is $25M higher than the Max-Pain point. ouch! It looks like the price is moving toward having all the PUT contracts expire worthless, and allowing LU called shares to be picked up at deep bargains.

Ben A.
ez-pnf.com

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