Replies to post #51271 on Zeev's Turnips Patch-No Politics (ZEEV)

[wahz]

"Max pain can move up a fair amount in the next 3 weeks"

I don't think it will though. The highest probability is a qqq sell off to 26.20....anything can happen but that is the most likely, BUT as you say it is based on the assumption of qqq max pain 26...when I first ran this a month ago, I got spike to 28.80, and that max pain would go to 26, and we would get back down to 26.20 for whatever reason before continuing up. Just mo

[pstuartb]

Yes, but even if we see enough put buying in the next two weeks to pull mp up to 27, mp would be at about about 1440. If we bounce from here (1446) on the way to 1600, heavy put buying during the next two weeks at 26 and 27 would seem inconsistent. Also, mp would be left behind even at 27, if we turn up here without further retrenchment.