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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: McNabb Brothers who wrote (30049)	2/13/2002 8:37:23 PM
From: mishedlo	Respond to of 99280

Happy to oblige Hank. I see 2K Calls vs 15K puts at 55 I see 4K Calls vs 7K puts at 60 I see 5K calls vs 2K pus at 65 Is this different than the last numbers I had? These numbers seem smaller, but option interest was not big today. I do not remember when I last did figures on EBAY. But lets work with these cause thay are current. It appears that the MMs drove EBAY down to near 55, but probably never giving a chance to the 55 put holders to break even. Then we rallied back up. The 15K puts on EBAY perhaps blocked a further fall. The 4K calls vs 7K puts would still suggest a rise above 60, but less than 65. BUT - 7K vs 4K, and 5K vs 2K are really irrelevant for max pain purposes. I seem to recall having 30-35K of options and now it is far less. My usual rule of thumb is the major move is over by Wed on any heavily optioned stock. Ebay is not heavily optioned, however. Action "suggests" it wants to close under 60, max pain suggests it should close at least a tad above that, but not the 65 I suggested before. I seem to recall that my very first call was 60, and perhaps unwinding of some options has us back at that point again. Hope this helps. Best I can offer is the relatively heavy put options on EBAY at 55 is causing someone to support the price near that level. M