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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (33576)	10/19/2000 8:27:49 AM
From: Lee Lichterman III	Respond to of 42787

Options max pain is possible. I read somewhere that Put open interest was in the tens of billions while call open interest was only in the 100s of millions based on yesterday's close. I don't recall where I saw it but that might explain the rally now for today. Either try to make those puts worthless or at least scare the holders into selling back to the original sellers so they can close out and collect the premium erosion. Unfortunately, I have been so busy, I didn't do my usual calculation of where the best close would be for the various more popular options. I will be watching some of the more conservative stock reactions to earnings today to see if they are still seen as safe havens or if the mania stocks bounce first again. Note today there are lots of earnings from old fuddy duddies like MCD ( 41 expected), RJR (1.15 expected) and the like. Will they draw conservative cash or will the other high flyers like FLEX ( 21 expected) and trash like PVN ( 1.35 ). Going to be one heck of a gap this morning. Good Luck, Lee