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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket. -- Ignore unavailable to you. Want to Upgrade?

To: Matthew L. Jones who wrote (1335)	10/13/1999 7:52:00 PM
From: OX	Respond to of 2103

hi Matt, I was fascinated w/ maxpain too when I first stumbled upon it. I started w/ an excel spreadsheet then graduated to writing my own program. The concept is interesting, but IMHO the conspiracy part of it is a convenient way to think of the (natural) underlying movement of the open interest. The whipping around of prices we see during expiration week are merely players closing out their options and MM's staying delta-neutral to keep up w/ it. Makes for interesting fodder tho :-) I definitely notice that for QQQ, the price tends to push the maxpain around, rather than vice-versa as one would expect. I do like your idea of combining maxpain for the individual index issues tho. I'll bet not too many people have tried that (except for the big trading houses).