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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Warpfactor who wrote (15218)	7/18/2002 11:35:48 AM
From: stockman_scott	Respond to of 23153

Is it time to capitulate..?? Message 17756140

To: Warpfactor who wrote (15218)	7/18/2002 11:43:31 AM
From: Gottfried	Read Replies (2) \| Respond to of 23153

Warp, Ben Antanaitis invented and trade marked max-pain[tm]. His profile page has links to data and explanations. Member 3307095 G.

To: Warpfactor who wrote (15218)	7/18/2002 2:12:37 PM
From: chowder	Respond to of 23153

YUP! <eom>

To: Warpfactor who wrote (15218)	7/18/2002 2:37:21 PM
From: chowder	Read Replies (1) \| Respond to of 23153

Warp, although I wasn't aware of the Max-pain theory, I was aware of how the biggest call open interest and biggest put interest created a "magnet" for a certain strike price. Earlier this week, I mentioned the tech rally should start to fizzle as the Q's were trading above the strike price I thought would be the "magnet." Here were my comments: >>> And, speaking of options, I think the QQQ has to finish out the week about $25. According to Price Headley, the most notable open interest is in the Nasdaq 100 Trust (QQQ - 24.80) at the 25 strike. The biggest call open interest lies at 194,121 contracts and the biggest put open interest at 77,555 contracts. It would appear that 25 is likely to be a "magnet" of sorts for the QQQ's to finish around on Friday's close and the Q's are trading slightly above $25 at this time. I think the tech rally starts to fizzle here soon. <<< Message 17751004 My post was at 12 noon yesterday. Talk about timing! (har,har,har) stockcharts.com[h,a]gaclyiay[d20020717,20020718][pb10!b50!b200!f][vc60][iut!Lh14,3]&pref=G Q's started down, right on Q. dabum