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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (266805)	11/11/2003 5:54:35 PM
From: patron_anejo_por_favor	Read Replies (5) \| Respond to of 436258

Q: Why is this man smiling? story.news.yahoo.com A: biz.yahoo.com

To: orkrious who wrote (266805)	11/11/2003 7:57:55 PM
From: ild	Read Replies (3) \| Respond to of 436258

Gold lease rates up sharply: kitco.com Something is brewing

To: orkrious who wrote (266805)	11/11/2003 8:50:14 PM
From: mishedlo	Respond to of 436258

Max Pain review in response to this question to me in italics. Do you see the 400K+ puts in Dec 34 QQQ's as providing support, or as we drop toward 34 the danger of delta hedging exists? Believe it or not, there is not a huge put buildup EXCEPT at that DEC strike. Perhaps I am mistaken but I am nearly positive I saw NOVEMBER puts over 200K at more than one strike and now I can not find any. Calls nearly equal puts at 35 and exceed puts at 36. at 34 NOV it is not a brutally lopsided as it has been. Yes 34 is definately NOV support for sure and I doubt it breaks for NOVEMBER. I have no idea whether or not all those DEC puts will stay out there or not. Nov max pain has dropped from 35 to 34-35 nearly a tossup. Call it 34.5 CSCO is interesting cause we have not seen huge numbers of puts on that for quite some time. I do not know when or how they got there but it seems to be some sort of hedge. That should support CSCO near the 22.5 area and notice how we have been chopping around that. Looking ahead to dec/Jan people are nutzoid bullish on CSCO but rather bearish now. Quite interesting. Want to bet against CSCO, best to wait until after this expiry. Jan max pain is 17.5, but we need to see how Nov gets rolled over. Lots of calls on MSFT now so perhaps that explains a bit of its weakness. Looking ahead to January, there are Enormous bets stacked up on both sided at multiple strikes all over the place. IQUATO says January max pain on MSFT is 30 with 27.5 a close second. Are we in for a MSFT christmas rally? OTOH INTC max pain for Jan is 25 as calls outnumber puts at nearly every strike from 25 on up. Dec max pain on QQQ is a solid 34 but January is 33 However there are over 400,000 Dec strike 34 QQQ puts. Sheeesh does that put a damper on a december selloff or what? If I had to add all this up, I would guess slop and chop. M