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sts66

10/04/13 3:47 PM

#15568 RE: wmjenkins3938 #15564

Current max pain is $6 but rising - really think they can push it that far down after a positive Adcom result? There's something like 80k contracts at $8 or below, 96k from $9, 123k from $10, and a whopping 145k from $12 on down. Somebody is going to win big, the other side will get killed. No put protection for all those calls either - oops, see the $5 puts OI jumped up, lots at $6 too that were not there yesterday, biggest volume today were the $7s. Anyway, on the call side, that's 14M frigging shares at stake, realistically more like 9.6M (with 4.8M puts below $7) - no way OI stays that high IMO, but I'd love to see it happen!