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

To: mishedlo who wrote (36474)	3/3/2002 5:49:07 PM
From: t2	Read Replies (2) \| Respond to of 99280

That is a Max Pain victory in my book. Hedge at the top in expiry week and let it drop. Make no mistake about it, the option crooks won big last month, on both sides! Thanks for correcting me; that means max pain on qqq is working very well for months now. Do you see them running it up in the next little while and holding it there? What would happen if by chance the rally stops and the Nasdaq drops somewhat and qqq does not get close to max pain? Does that create the possibility of a sharp downward move? I still have a hard time understanding why the market would converge to max pain on the QQQs. Why does it not work as well on the Nasdaq big caps, or does it? jmho

To: mishedlo who wrote (36474)	3/3/2002 9:50:42 PM
From: Jdaasoc	Respond to of 99280

Hedge at the top in expiry week and let it drop. Make no mistake about it, the option crooks won big last month, on both sides! I smelled reversal late last week and closed down my short side and have only long side left. Noting the total lack of concensus in the market, I will most likely close most of my long side on WED and the rest on THur not wanting to get caught in on of those 10% peak to trough THUR before expiration day dips that takes away most of the whole months gains. I could easily give up the last 2-3% that an irrational market could obtain if we rally right through FRI. The thief knows there is always more to steal next month.