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Zeev Hed

08/09/03 8:27 PM

#5180 RE: SPIN #5175

There might be divergences in different sources, here:

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

it shows open interest of 982 and 164 respectively for the KWWHA.X and KWWTA.X (calls and puts respectively at the August strike $5).

By the way, using options as a "contrary indicator works (some of the time) when you take all the equities option into account, I know not (no experience) how well it works for individual stocks. But more often than not, in the week of expiry, the stock trade in such a way as to inflict maximum pain on option holders for that expiry date, that is what is called the Max Pain theory. Mish is considered one of the pro in that analysis.