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To: Shack who wrote (69438)3/24/2003 10:41:00 AM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
>>a boatload of puts opened at QQQ 25 for April<<

I saw that - surprising, and looks like Max-Pain for April may stay above 25 (336,000 puts-125,000 calls at that price). But maybe we're due for a downside failure after this month. -g



To: Shack who wrote (69438)3/24/2003 10:41:22 AM
From: ajtj99  Respond to of 209892
 
I did a study about a year ago that basically concluded that a put/call close below 0.60 usually resulted in a 10% correction in the COMP. I'm not sure how valid that is still, but it sure does appear to be working today <G>.