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To: mishedlo who wrote (165184)5/10/2002 10:35:41 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 436258
 
<<My general rule for Max pain is that it requires a minimum of 20K options at a single strike on a single side, to have any degree of applicability>>

Makes sense. As a further refinement, wouldn't total open interest in a given month/total number of shares outstanding be a more accurate gauge of validity?