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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Petz who wrote (98782)	3/17/2000 1:55:00 AM
From: eplace	Read Replies (1) \| Respond to of 1571054

John..re:max pain explanation. That was a very good post. Thanks Ed P.

To: Petz who wrote (98782)	3/17/2000 2:00:00 AM
From: tejek	Read Replies (1) \| Respond to of 1571054

One final thing on AMD. THere WILL be extreme pressure tomorrow to cap AMD at 50, since there is a huge open interest in the 50 calls (11,000 contracts, representing 1.1 million shares). So there's about twice as much downward pressure if the price is above 50 than there is if the price stays below 50. Petz, And according to Max Pain, AMD is more likely to move towards 40 than 50. Appreciate the explanation. Thanks. ted

To: Petz who wrote (98782)	3/17/2000 3:00:00 AM
From: Goutam	Respond to of 1571054

Petz, Sorry for the extremely long explanation, I thought a few people might be interested. Great post and a very interesting read. Thank you for taking the time to make it easier to understand. Best regards, Goutama

To: Petz who wrote (98782)	3/17/2000 11:34:00 AM
From: kash johal	Respond to of 1571054

Petz, Great post. Thanks for taking the time to post. And yes there will be lots of pressure to keep the price below $50. regards, Kash