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GAB

07/26/04 11:28 PM

#275606 RE: Zeev Hed #275604

Zeev...Do you like IMX at this level, or has it broken down IYTO?
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ajtj99

07/27/04 4:17 AM

#275626 RE: Zeev Hed #275604

I agree, but I don't recall a put/call ratio of 0.75 at an important interim low. It would seem we need something closer to 0.90 to 0.95 for legitimacy.

By the way, did you realize the Fed and CSCO are both Aug. 10? If we are above Max Pain at that time, it would seem a good catalyst for a sell-off into expiration.