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

To: Zeev Hed who wrote (80270)	6/17/2002 11:18:21 PM
From: mishedlo	Read Replies (3) \| Respond to of 99280

Entering into last week, the QQQ max pain was close to $32 or higher, it has come down, but much more than I thought it would Yes you called the drop and it was huge. From 37 or so a few weeks ago now to 30. That is why one must hold off on max pain plays to the final 7-10 days. Long at the bottom on Friday would have done it (but I did not). What is amazing is people keep refering to put call ratio as if it matters. It is the end result that matters and that end result has taken Max Pain down substantially on the QQQs. As for INTC and MSFT (MSFT is acting as if max pain is really 55 not 50). Are there zillions of covered calls out there making da boys long the calls? INTC has to be delta hedging but still I would assume the powers that be want it as high as possible. Is 25 in the cards? M

To: Zeev Hed who wrote (80270)	6/17/2002 11:25:11 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Did you see Les' scans tonight? They look remarkably similar to the highs options expiration week in May. BTK in particular caught my attention. I thought it might go to 391, but now it appears if that does indeed happen, it will be only an intra-day high on a G&C.

To: Zeev Hed who wrote (80270)	6/17/2002 11:39:40 PM
From: ajtj99	Read Replies (1) \| Respond to of 99280

Zeev, you probably saw this already (you probably worked on this already too <G>: story.news.yahoo.com