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

To: Stockdoctor who wrote (48020)	4/6/2002 10:16:47 PM
From: fishweed	Read Replies (1) \| Respond to of 99280

Stockdoctor - do you have site where you get your put/call readings? Thanks fishweed

To: Stockdoctor who wrote (48020)	4/6/2002 11:46:14 PM
From: mishedlo	Respond to of 99280

Max pain on INTC is 30. Every rally above or even close to 30 is immediately crushed. Every time if falls to 30 or below it rallies. For whatever reason they have INTC on a very tight leash. QQQ as well. which of course helps explain low VIX VIXN ggg. With more puts than calls on INTC at 30 one would expect to see INTC finish just over 30 at expiry. The action in INTC suggests DISTRIBUTION however. It rallies on light volume at the eod to 31 how many days in a row, just to get hammered every time. If they are delta hedging here it can really drop. My guess is they are going heavily short, but the drop does not occur until after expiry. Of course one can claim it is accumulation not distribution, in which case we rise after expiry. Distribution and a drop below 30 is more likely, possibly starting WED or Friday of expiry week. M