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12/21/07 5:40 PM

#12584 RE: capt_jmj #12581

capt_jmj, Sorry for the delay but I was out for a while. I only use maxpain and options open interest at certain strikes to see how it "might" have an effect. This month the Q had a wide spread: high open interest puts 52 and down, high open interest calls 51 and up. So they kept it between 51 and 52.
Some months there can be a huge open interest of puts at a particular strike which seems to be quite reliable as a floor.