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

To: TREND1 who wrote (47252)	4/4/2002 9:14:22 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Larry, actually I'm all cash (or money market, whatever) right now. No June puts right now. I'm actually looking to get some April calls and UOPIX for a run into Max Pain whenever we get to a local bottom here. Nice sarcasm, however. I've always respected it from masters, especially when it can come off as almost sincere <G>.

To: TREND1 who wrote (47252)	4/4/2002 10:03:48 PM
From: mishedlo	Respond to of 99280

Larry, I believe the trick is to wait until the last moment then play one month out or current month in the money puts for a Max pain play. Look at INTC for example. Max pain this month was 30. Max pain last 2 months was 32 1/2. look at all the whipsaws up and down on INTC. Why pay for that time? Wait a couple weeks before expiry and bet in the direction of pain. Same on the QQQ's. Now if we just start plunging (someone please ring a bell), then just short and hold or buy puts and hold. We do not seem to be at that point. I suppose in retrospect that "crash puts" of July nature, hedged with QQQ "max pain" calls at the right points is a viable scenario PROVIDED we do indeed crash in June. M