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To: KeepItSimple who wrote (10970)	4/16/1999 3:03:00 PM
From: banker's lady	Respond to of 41369

RE:Writing Options Here's a site with a lot of useful info about covered calls & options in case it helps anybody: coveredcall.com

To: KeepItSimple who wrote (10970)	4/16/1999 3:03:00 PM
From: tang	Read Replies (1) \| Respond to of 41369

KeepItSimple, I like your name (really)! With your theory, if one is able to tell where the calls/puts focus at the next expiration date, one is able to 'predict' the save zone each month, am I right? Now, how do you find out the 'focus point'? If you know, can you send a post on this board once a month to alert us all? I'll thank you for that alone! (save few brain cells ...)

To: KeepItSimple who wrote (10970)	4/16/1999 3:55:00 PM
From: Steve Robinett	Read Replies (2) \| Respond to of 41369

Simple, You're passing along misinformation. You say, The largest concentration of calls and puts is at 145, so the market makers will manipulate the price to make sure it settles right at 145 today. Check the CBOE. You'll find the largest open interest on April puts and calls at the 140 strike price, the next largest at 150 and, of the three strikes, the least at 145--not the most. April Options...Calls Puts Total 140.............9806.........7906........17712 145.............4522.........6377........10899 150.............7815.........8141........15956 cboe.pcquote.com The max pain theory looks through the wrong end of the telescope. More options trade at-the-money than elsewhere. The Maxpain point turns out to be the point at which the stock has recently traded, not where it will trade. Best, --Steve