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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Shack who wrote (38278)	5/7/2002 11:53:30 PM
From: ajtj99	Read Replies (1) \| Respond to of 209892

Shack, there are a ton, an absolute ton of CSCO May 15 calls. You can guarantee they will be worthless at expiration. finance.yahoo.com The smart move would be for the MM's to get CSCO slightly over 15, then delta hedge the sucker down. That's why this rally is going to be in trouble. I could see MSFT ending $50.50 at expiration: finance.yahoo.com ORCL would ideally hunt for $10-12.50, but the MM's are ahead nicely at $7.50 this month: finance.yahoo.com SUNW should want $7.50, but if it finishes where it's at, the MM's win also: finance.yahoo.com Even with the QQQ, the MM's are still way ahead at 30 or 31 at expiration (Ideally, 31). finance.yahoo.com If any of these levels is reached, the MM's could simply delta hedge down, locking in the pain. See, we don't have to get to QQQ 32 to extract pain, we just need to get there to extract the Maximum Pain.