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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?


To: Ben Antanaitis who wrote (4442)10/1/1998 10:38:00 AM
From: Charlie  Read Replies (2) | Respond to of 21876
 
New to thread. Max-Pain Point? Significance please?



To: Ben Antanaitis who wrote (4442)10/1/1998 6:43:00 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 21876
 
Ben, I think it will be closer to $70.

Therefore sold Oct 70 puts and Oct 70 calls with some additional Oct.75 calls, just in case the stock caves below $63 or moves above $73 at option expiration.

Do not want to hold the stock more that several hours. <gggg>

BWDIK

Haim



To: Ben Antanaitis who wrote (4442)10/1/1998 8:50:00 PM
From: HiSpeed  Read Replies (1) | Respond to of 21876
 
<The LU Oct'98 Max-Pain Pointâ„¢ is $75, LU closed at $69 1/4.>

OT how do you make those little 'TM's?



To: Ben Antanaitis who wrote (4442)10/4/1998 4:59:00 PM
From: Ben Antanaitis  Read Replies (1) | Respond to of 21876
 
The LU Oct'98 Max-Pain Point&#153 is $75, LU closed at $63. At this level, virtually all of the calls would be worthless.

With two weeks to go till Oct'98 open interest expiration, I updated the Max-Pain&#153 option analysis graphs based on Friday's CBOE (10/02/98) open interest strike prices and volume.

The Max-Pain Point&#153 graph and definition are located at one of my favorite links.

Ben A.