Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Zeev, iqauto has August Max Pain at 25 right now. The open interest is extremely low, so it can get moved around a bit between now and then.

Normally what we've seen is the pain number moving down as we approach expiration. That's in a downtrending market, of course.

I would not be surprised to see August Max Pain at QQQ 23 or 24 by mid-August.

I think you'll get your rally, but from 1200 COMP, and it could be about 6-weeks long, 200-250 points, ending in early to mid September.

I think we get COMP 1000 by mid-Dec., then a rally into mid-January to 1250, then drop to 1000 or spike low to 800 by end of April / early May.