Replies to post #2553 on Zeev's Turnips Patch-No Politics (ZEEV)

[marginnayan]

any idea on INTC. max pain is 22.50. Can MM run it that far ?

[mish]

any idea on INTC. max pain is 22.50. Can MM run it that far ?

Little to no chance.
Too many downgrades and too mutch delta hedging.
It could hit if INTC came out with some sort of great news but very very unlikley.

They did manage to get CSCO from 13 to 15 (14.98) In two days but that was on a BS upgrade with more or less positive news in that sector. Max Pain CSCO is 15.

But with Max pain on the QQQ's dropping to 25, the odds of a decent rally here are diminished. If QQQ can not rally further and CSCO is not likley to rally further and bad news everwhere on INTC, ya just gotta throw in the cards on that happening.

M