Replies to post #216943 on Zeev's Turnips Patch-No Politics (ZEEV)

[Burk]

Good points, aj!!

[Justa Werkenstiff]

AJ: Check out the volume and lopsided OI on the April QQQ 35 puts vs. calls.

[shoreco]

>> Max pain by my calculation is at QQQ 36.60 for March expiration. That's about NDX 1471. <<

We need to remember that the QQQ's track the NDX and the MNX.X are the options for the mini-Nasdaq 100 index...

There are 40000 March call contracts and 48000 March put contracts sitting @140 = 1400NDX...

MNX.X chart...

http://stockcharts.com/def/servlet/SC.web?c=$mnx.x,uu[r,a]daclyyay[pb7!b25!b50!b100!b150!b200][vc60]....

NDX chart...

http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[r,a]daclyyay[pb7!b25!b50!b100!b150!b200][vc60][i....

Another thing I think of is how long these QQQ puts have been sitting there (most of them have been there for quite some time) and the time premium alone needs to be considered...

Out of all the options out there the biggest surprise sits in the $DJX.X, I never seen so many calls getting opened on the INDU index...

With that said, they did a pretty good job of killing all the open calls in the last 4 days, time to get the puts???(again)