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To: Carl R. who wrote (39946)10/15/1998 8:48:00 AM
From: Ben Antanaitis  Respond to of 53903
 
Carl R,

Go to ez-pnf.com and select the Max-Pain&#153 Options Analysis page. Once there, you will find the full details and a 'worked-out' example of the Max-Pain&#153 calculation.

Using this morning's CBOE open interest data, which has all of yesterday's activity folded in, the Max-Pain Point&#153 for MU is still at $27.50. However, there is a trough between $25 and $25.70 but FWIW the $27.50 side has a lower value ie more pain.

Ben A.