Replies to post #25232 on ajtj99's Market Pulse

[ajtj99]

I don't follow the RUT options well enough to know if it participates in Max Pain, but the eyeball method suggests 590 is pain for May on the RUT. There are about 10,500 puts at 590 to 530 versus about 1600 calls in that same range.

http://finance.yahoo.com/q/os?s=^RUT&m=2004-05-21

That may be a clue as to what we might expect here going into expiration. Dip to test 532, then ramp to 590.

[SI_Shack]

Russell looks like it may be in a iii of 3 down here on the dailies doesn't it aj? Very worriesome chart for the bulls IMO. It should continue down hard here if that's the case.