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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?


To: Jeff who wrote (309)5/15/2002 12:58:50 PM
From: Steve Lee  Respond to of 30712
 
VXN is usually unreliable on expiry day. i.e. it can go up when NDX goes up. Maybe the fact VXN is "playing up" today is a sign that options positions are being unwound a couple of days early.

Anybody watching the May open interest? Is it dropping quicker than normal for Wednesday of expiry week?



To: Jeff who wrote (309)5/15/2002 1:03:29 PM
From: ajtj99  Read Replies (2) | Respond to of 30712
 
Jeff, I think the problem could be MSFT has not been far enough above Max Pain yet. I don't know what else hasn't hit Max Pain yet. Maybe WCOM <G>>

It could all be coming down to the stubborn SPX not getting to pain yet. That could be what's doing this.