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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (70605)	4/7/2003 12:00:10 AM
From: mishedlo	Read Replies (2) \| Respond to of 209892

Time for an update. QQQ Calls Puts 24 47K 198K 25 149K 263K 26 162K 173K 27 244K 56K 28 127K 13K Max pain is a tossup 25-26 Call it 25.5 At 26 QQQ would be right on Max Pain Moderately heavy volume. Max pain has drifted slightly up from 25 to 25-26 tossup. I think 26 is a more likely target at this point. Lots of optimism as there are plenty of calls at strike 27-28. Above 27 we have yet another derrivitive meltup. Attempts to get above 27 have resulted in sharp pullbacks several times. INTC Calls Puts 15 20K 28K 17.5 111K 39K 20 97K 12K INTC is currently hovering near max pain Moderately heavy volume. Lots of optimism but that can all be wiped out with a close at 17.5 or below. CSCO Calls Puts 12.5 59K 52K 15 157K 50K 17.5 56K 3 Max pain is 12.5 and CSCO has been relatively weak. CSCO above max pain and options resistance at 15 should be heavy. MSFT Calls Puts 23.75 18K 37K 25 102K 87K 27.5 114K 34K Lots of optimism at 25 and above Lots of pessimism at 25 and below Max Pain is a solid 25 Heavy options resistance at 27.5 I would guess this gets pinned at 25 unless we have another meltup SPX Calls Puts 850 28K 30K 875 23K 18K 900 39K 13K 925 27K 16K SPX max pain is hard to pin. Anything in the range 850-875 is close but 850 is the "technical" target. Very heavy optimism at strike 900 and 925. Spoos seem way more above max pain than QQQ. Last month it was the opposite. Then a huge rally in the spoos to catch up propelled the QQQ's far above pain. For the second month in a row we have a divergence but I do not know what to make of it. IBM Max pain is 80 and we have been hovering near that spot. Moderate options volumes. GE Calls Puts 22.5 5K 21K 25 42K 28K 27.5 49K 10K Max pain is a solid 25. We are well above that now. One of the divergences. GE was one of the weakest stocks down to the low 20's but has been one of the strongest ones back up. Substantial options volume (for GE), very heavy on the call side. C Calls Puts 32.5 8K 11K 35 30K 14K 37.5 27K 3K just moderate option volume if not a bit on the light side. What volumne is there is heavily optimistic. Max Pain is 35 Financials have been strong recently for whatever reason. Is a surprise rate cut coming? M