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To: LWolf who wrote (81561)11/20/1998 1:08:00 PM
From: Ben Antanaitis  Read Replies (1) | Respond to of 176387
 
Laura,

Thank you. No problem at this end. We just need to keep a distinction on the calculation method (or so I'm told).

Your approach to limit the range of strike prices has merit, especially with DELL or other volatile issues. When I do the actual statistical hypothesis testing of the Max-Pain&#153 hypothesis, I will do a sensitivity test to look for any correlations using subsets of strike prices that are within some value (percentage) of the current stock price at the beginning of the last month of contract life.

Ben A.