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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Ben Antanaitis who wrote (55252)	5/8/1998 4:30:00 AM
From: Francis Chow	Read Replies (1) \| Respond to of 186894

< You're here too, eh?> Yes, and on Dell. Are you Canadian - eh? :-) I was wondering Ben if you noticed any bias in movements toward the max-pain-point (let's call the damn thing MPP from now on) - ie. is a movement down to an MPP more reliable than a movement up to an MPP. I would think that many call writers are covered call writers. Their large holdings of the underlying stock give them a lever to move the price down (by carefully timed selling). On the other hand put writers are mostly uncovered and have less leverage for manipulating a stock's price up.