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


To: ajtj99 who wrote (59366)4/30/2002 6:01:01 PM
From: ajtj99  Read Replies (2) | Respond to of 99280
 
It appears there is almost no put interest in the BTK in June. That is strange. They could take the BTK down to 440 and screw every call holder but 1! Below 400 every holder is screwed in June!

There are 46-times as many calls as puts on the BTK for June!

I've never seen anything like this. It is real strange.

Maybe I'll get some BTK puts just so I can be part of this historic occasion.

Max Pain for May BTK is about 420, and there are lots of puts in May. I believe the BTK will be below 420 by expiration. For July, 460 screws most everyone, and 400 screws all option holders as it stands now. Very strange.



To: ajtj99 who wrote (59366)4/30/2002 7:00:41 PM
From: Zeev Hed  Respond to of 99280
 
Yup, that is what I have in mind, that is one reason I think that the BTK will take the brunt of the June massacre, IMTO.

Zeev