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To: AllansAlias who wrote (38298)5/8/2002 12:31:53 AM
From: ajtj99  Respond to of 209892
 
Well, I am playing June and July puts, so I have time with that broken index. Besides, There is a lot standing between where the BTK closed and 410. It's not like it's all thin air. There are several trendlines in the way. Furthermore, the BTK already tried to do it's kiss of death last week and couldn't even get to 447. It is toast. If it had a chance at Max Pain (now 425, but then higher), it would have reached it last week when it got to within 10-points of it.

Worst case scenario I see is 425 for Max Pain on the BTK, but I just don't see it happening this time through, just like I don't see SPX 1100 this time through.