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

To: curtis christopher who wrote (36604)	3/4/2002 12:32:13 AM
From: mishedlo	Respond to of 99280

iqauto.com Max Pain is quite simply the point at which most options ($wise) expire worthless. IQAUTO and my Eyeball method (just looking at the open interest on www.cboe.com) are usually in close agreement, when we differ, I tend to think my eyeball does better, because I can exclude certain way out of the way nonsense as well as key in on particular activity at a certain strike price. Right now if you look at a chart of QQQ options it is almost bowl shaped, and calls will soar into the money at anything above 40, and puts below about 34 if my recollection serves correctly. There is little differnece between the values centered around 37 (which is what my eyeball suggests) but the actual number of 40 vs 37 is making me think that I am just not looking at this one correctly although I have stared at the damn thing for hours! M