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To: Prognosticator who wrote (14299)2/11/1999 5:07:00 PM
From: Ben Antanaitis  Respond to of 64865
 
Prognosticator,

The automated software is only geared to the next expiry day.

But the calculation method is fully explained, via a fully worked out example, on my web site for anyone to try.

However, the further out you go, the more likely it is that some first-order momentum causing event will occur that will swamp out the Max-Pain&#153 effect.

Ben A.