Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

January Max Pain on the QQQ is a toss-up between 25 and 26 again:
http://finance.yahoo.com/q?s=qqq&d=o

There is a floor at 25 due to the huge open interest in puts (162,000, or 70,000 more puts than calls at 25).

The smart move over the next week or two would be to go short when the QQQ is a point or two above Max Pain and long a point or two below. This only applies until Jan. 8.

February open interest is almost nothing:

http://finance.yahoo.com/q?s=QQQ&d=o&q=B

They could easily take this down to QQQ 20 or below in early February for options expiration and close it at QQQ 20 for Feb. Max Pain.

If Mish were looking at this, he'd probably agree. Late January and early February would be the times the market could be moved, and down is the easy move.