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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (8042)	6/17/2004 3:52:51 PM
From: mishedlo	Respond to of 116555

K-Cycles csf.colorado.edu

To: ild who wrote (8042)	6/17/2004 5:26:26 PM
From: mishedlo	Respond to of 116555

Max Pain A close on qqq 36 tomorrow will roughly kill about 1.8M puts and about 800K calls. A close at 37 will kill another 144K puts but allow 240K calls needlessly finish ITM. At any rate, any price between 36 and 37 and literally tons of options get destroyed. Looking ahead to next month there are far far fewer options fo far. 190K qqq july 37 options but that is peanuts compared to june 1.4M at 33-36. Let's see if more puts get rolled over or not. We might see a strong move one way or other if there are not a zillion option bets each way. Hardly any options either way for August and quite a few Sept Calls outs there. If this market want to head lower, July seems like a good time. Mish

To: ild who wrote (8042)	6/17/2004 5:27:25 PM
From: mishedlo	Respond to of 116555

Short Sterling There is almost no difference on price on SS futures beween June 2005 and Dec 2008. Flattest thing I have ever seen. UK Interest rates are supposed to get to 5.5% or whatever and stay there without moving for more than 3 years! Mish