Zeev's Turnips Patch-No Politics (ZEEV)

[pstuartb]

Heavy put buying would be quite consistent as folks start licking their chops in anticipation of a return to Max Pain.

I can agree with that scenario, but I can also imagine heavy call buying if we turn around here and blast up again into year end. Even if mp inches up to 27 (1440) over the next couple weeks, turning around here for a 150-180 point increase into year end could leave 27 in the dust, with mp never being satisfied.

As you suggest, even if mp is at 27, it could be satisfied by a 2-3 day drop (from 1500+), sort of like we had last month, but I hadn't read Zeev's posts to include that kind of action.

I'm trying to reconcile my perhaps erroneous understanding of his expectation of a rise from here to 1600+, without a retrenchment to current levels or lower, with a max pain hit for qqq.

Thanks for the response, btw.