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

To: mishedlo who wrote (80275)	6/17/2002 11:21:07 PM
From: velociraptor_	Respond to of 99280

Makes me wonder how much of INTC is really delta hedging though. 5 points of the differential between max pain and the current value is a gap...unless of course the MM's knew what would happen ahead of time....just a thought.

To: mishedlo who wrote (80275)	6/17/2002 11:46:40 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

You know, your concept of a run on INTC to $25 is not out of the question (that is after all in the gap area with little resistance once $23 or so is taken out), however, if it happens, i think it will be short lived, am almost sure that the like of Ork and Earlie would love to have another dark side shot at INTC in the $25/$26 area (g). The only counter argument to that is the time window, I think that "Puts killing" could end no later then tomorrow afternoon, and thus they really will have to gap it. Of course, if my calculations on the BTB are way off, and the analysts expectation of 1.23 on the BTB comes through tomorrow afternoon, we may have another G&C Wednesday morning, and then your target might be met. I am not laying bets on that, as a matter of fact, I am laying no bets on the long sides (g). Zeev