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

To: Jeff who wrote (11156)10/16/2002 2:20:02 PM
From: Steve Lee  Read Replies (1) | Respond to of 30712
 
We are still in high-side max pain mode.

The P/C has been high but no bounce. P/C ratios this close to expiry are skewed by positions that are being closed.

In other words, they are still killing puts. If this is true, they have yet to kill calls - in which case, it's gonna get nasty.

Of course I could be wrong and the high P/C might portend a strong bounce, but where is it?


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