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Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: DepyDog who wrote (35528)	12/16/1999 5:59:00 PM
From: David E. Taylor	Respond to of 41369

Depy: There's a ton of support around 85 so I doubt AOL will drop below that level tomorrow. OTOH, there's a clear incentive to hold the price where it is to deliver "Max Pain" to the holders of call option contracts priced above 85. It's surprising (or maybe not surprising!) how frequently the prices of the major tech stocks tend towards their "Max Pain" point as options expiration date approaches. I always keep an eye on this during the week before expiration for those stocks I'm holding long term, helps prevent me from getting too impatient. However, it's just one piece of info among many, and you have to take it for what it's worth. David T.