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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Rick Storm who wrote (17887)	6/14/2001 10:09:42 AM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

I do not have these data. It can be calculated. In the meanwhile, just too $2 from IDPH, nice bounce but i doubt it will last, and am in the process of taking profits from the other 8 deployed. Zeev In edit, BRCD just went for $1.5 plus profit, and JNPR for just under a buck. Six more to go... Now BRCM just went for a little more than a buck.

To: Rick Storm who wrote (17887)	6/14/2001 8:51:13 PM
From: mishedlo	Respond to of 30051

Rick, I have a completely different answer. The same scenario as Feb/March when things closed well below max pain. The MMs shorted sufficient enough and high enough that the main concern was making sure no calls finished in the money. The other thing is how do you know pain is really what you think it is? People got used to seeing puts expire worthless so perhaps a lot of that PUT interest was J6P selling naked puts a'la Hank (sorry Hank I do not mean to imply you are J6P). Those just look like open PUTs but are really bull plays. I suggest that max pain, always works (it just may not look like it) cause it is next to impossible to determine the bagholder. Now, if only I would not have sold my JUN puts at the open. Sigh M