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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: r.edwards who wrote (12871)	5/4/1999 9:43:00 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 99985

Max Pain is @670 per Fridays close. Depending on what happens tomorrow with Call/Put Volumes will skew it. More Call buying will lower the Max Pain point, Put volume will increase it. ez-pnf.com If your worried about expirey then go into June.

To: r.edwards who wrote (12871)	5/4/1999 9:53:00 PM
From: stockycd	Read Replies (1) \| Respond to of 99985

r, I don't know that I would buy them now. Upside risk (for PUTS) increased today with the selloff. Plus the premiums were inflated today. If you could have bought them...say...early last week, then you'd be in business. BWDIK, Chris

To: r.edwards who wrote (12871)	5/5/1999
From: Vitas	Respond to of 99985

r.edwards, options are gambling, so you want to make sure everything is lined up perfectly for a major decline before making the bet. Although I'm short presently, I am waiting for the small caps to show some weakness (and therefore the advance decline), and then wait for sto rsi 8-5 to become overbought again, before loading up on putz. Vitas