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To: jbn3 who wrote (48398)6/27/1998 12:39:00 AM
From: Ben Antanaitis  Read Replies (1) | Respond to of 176387
 
All,

With three weeks left until expiry, I have created and posted the DELL July'98 Max-Pain options analysis for the DELL open interest.

The Max Pain point is $85 for July '98, as of tonight, with a large bias toward CALLS over PUTS. This kind of imbalance, historically, is viewed as bearish. Perhaps the selling of all those CALLS by the MMs is a bet on a 'sell on the news' type of upcoming event.

Ben A.
ez-pnf.com