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To: orkrious who wrote (185686)	8/4/2002 3:42:47 PM
From: Gersh Avery	Respond to of 436258

It's still to early to worry about max pain point. There is still plenty of time for the point to move toward the stock price. Then, in the end, the point can actually repell price action. In other words, if the price is to far to low, put sellers will short the stock to cover, rather than to buy back the puts. This will then make the price of the stock fall even further .. Works the same on the way up .. Call sellers buy the stock to cover rather than buy back expensive calls.