Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Well, I put the SOX pain firm at 400. That might be a ceiling for the SOX. SMH open interest in calls at 30 doubled today, and they now dwarf the puts by a 2:1 margin at the 30 strike.

As for QQQ Max Pain, I put us about 5% below that right now, with QQQ 34.60 or so the magic number the past few days.

The SPX pain appears to be 1100-1110, and Dow could be as high as 10,200.

Anyway, this might be a bounce that lasts for a few days to take care of op-ex, then flushes to get a low I might like better <G>