I don't follow the RUT options well enough to know if it participates in Max Pain, but the eyeball method suggests 590 is pain for May on the RUT. There are about 10,500 puts at 590 to 530 versus about 1600 calls in that same range. <A HREF="http://finance.yahoo.com/q/os?s=^RUT&m=2004-05-21" target="_new">http://finance.yahoo.com/q/os?s=^RUT&m=2004-05-21</A> That may be a clue as to what we might expect here going into expiration. Dip to test 532, then ramp to 590.