ajtj99's Market Pulse

[ajtj99]

Yup, and optimized pain was 41.4 for March, which we hit. For April orthodox pain on the QQQQ is 41 as you said, and around 41.50 for optimized pain.

May open interest is pretty small yet.

What gets me here at this juncture is how CSCO, with almost nothing but boat-loads of calls at the 17.50, 20, and 22.50 strikes in April can be seen as bullish here going strictly by the options chain. Almost no puts at all on that stock. It's broken out on the charts, but there are way too many people on the right side of that move.

http://finance.yahoo.com/q/os?s=CSCO&m=2006-04

Calls outnumber puts at the 20 and 22.50 strike by a 5:1 ratio on CSCO.

For the SPY in April, the 129 strike is once again the sweet spot. That was the case this month as well. That situation supports the theory of a drop to 1250 SPX in the end of this month, followed by a rally to back-test the breached falling wedge for op-ex in April.

http://finance.yahoo.com/q/os?s=SPY&m=2006-04