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To: Shack who wrote (57993)	10/29/2002 7:45:54 PM
From: At_The_Ask	Respond to of 209892

I agree but I did some pain checking monday of last week and found us above pain. Unless the average put call has been over 1 all week pain must have dropped. Seems reasonable that the clowns would have been loading the boat all week.

To: Shack who wrote (57993)	10/29/2002 11:51:00 PM
From: velociraptor_	Read Replies (1) \| Respond to of 209892

I don't put a lot of support in Max pain and they tend to weigh only a little in my analysis. October expiration had QQQ max pain at 22 and it finished at 24 1/2 or so. Call writers suffered big time on that one under that analysis. Volatility should also have been limited in that last week as well. Yet, anyone smart enough to buy really cheap Calls around the area of the Oct 10th low could have made over 20:1 on a lot of different calls and about 50:1 on certain index calls. I would say Max pain theory failed big time then.