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augieboo

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augieboo

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Re: augieboo post# 199

Wednesday, 06/18/2003 8:53:04 PM

Wednesday, June 18, 2003 8:53:04 PM

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Max Pain by Mishedlo

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From an SI post by Mishedlo
#reply-18231349
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To:Joseph Silent who wrote (59410)
From: mishedlo Wednesday, Nov 13, 2002 11:13 PM
View Replies (1) / Respond to of 76187

not sure it is useful.
What would I do with that info?

I will offer this however:
Typically the move towards pain happens the Wed or Thursday the week before expiry.

One can position ahead of time or wait for the volume confirmation, then just hang on.

Does not matter whether or not pain hits on Monday Wed or Friday (as long as one did not play it with OTM front month options).

I will also offer this:
TUE WED of expiry week are often reversal days.

That is we hit pain, reverse and head back the other way.
If we keep rising or sinking after Wed then delta hedging has likley kicked in and the original move will be enhanced.

M




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