Zeev's Turnips Patch-No Politics (ZEEV)

[larry57]

re: maxpain:

"I thought the max pain only really worked in the bigger option traded stuff."

yes, it's a point often made but seldom heeded; the rule of thumb is that maxpain really doesn't become effective until around the 20K total calls or puts level for front strike months. most effective w/cubes as trend indicator.

...fwiw, jmhao, bwdik...etc.

cheers,
larry