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

To: Killswitch who wrote (10849)	10/15/2002 12:16:47 PM
From: orkrious	Respond to of 30712

not sure and don't have time to analyze.

To: Killswitch who wrote (10849)	10/15/2002 3:19:42 PM
From: augieboo	Respond to of 30712

Brian, I think he was talking about the most recent purchases, not the total open interest. Here are the open interest figures for November: Strike Calls Puts 20.00 20929 56348 21.00 61760 128150 22.00 44933 22225 23.00 36667 11531 24.00 78131 23845 The calls are lopsided, but only at/above 22. Right now November Max Pain is 21, with the downside very solid, and the upside solid on a percentage basis, but probably not as solid on an absolute basis. (The 23 & 24 levels are more solid.) If this ratio continues, with heavy call buying at 22+, then I think it will make max pain a cinch @ 21. If not, it could possibly go to 22. But don't forget that November expiration is still almost five weeks away, (the end of it, that is), so ANYTHING can happen between now and then. This is all JMDO, augieboo