Posted by mdschapiro on 11th of May 2012 at 12:02 pm
Steve: SPY opex max pain for next week is $140.- What do you
think the possibilities are of bouncing up to there ? Lately
monday/tuesday of opex week were bullish. Thanks.
Posted by mdschapiro on 18th of May 2012 at 01:48 pm
Yes, it may indicate either that the powers to be that are used
to manipulate opex to their advantage have a lot of internal
weakness or that they quietly own the puts as part of their
preparation for a deflation event.
I remember years ago once they moved the SPX 40 points up in the
last hour of trading... after they scared me of my long.
Statistics are predominantly bullish for next week which would
also support a bounce next week. The SPX first needs to clear 1366
which continues to provide resistance. The 20 day is at 1380.
Overall, I don't put much credence into Max Pain and simply trade
what I see.
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SPY Opex max pain next week
PPO
Posted by mdschapiro on 11th of May 2012 at 12:02 pm
Steve: SPY opex max pain for next week is $140.- What do you think the possibilities are of bouncing up to there ? Lately monday/tuesday of opex week were bullish. Thanks.
mdschapiro This month is another good
Posted by steve on 18th of May 2012 at 01:25 pm
mdschapiro
This month is another good reason why I put little credence into Max Pain which was at 140 for OPEX when you posted.
Yes, it may indicate either
Posted by mdschapiro on 18th of May 2012 at 01:48 pm
Yes, it may indicate either that the powers to be that are used to manipulate opex to their advantage have a lot of internal weakness or that they quietly own the puts as part of their preparation for a deflation event.
I remember years ago once they moved the SPX 40 points up in the last hour of trading... after they scared me of my long.
bare minimum SPX has got
Posted by matt on 18th of May 2012 at 01:55 pm
bare minimum SPX has got to get over this downtrend line on the 5 min, very tight channel here.
then after that it has to deal with the larger downtrend line on the 15 min
it's Friday, weekend, who wants to hold over weekend etc
yes normally I mentioned the
Posted by matt on 18th of May 2012 at 01:34 pm
yes normally I mentioned the MAX pain numbers in the Monday newsletters during OPEX week, and this week I didn't even bother
mdschapiro
Posted by steve on 11th of May 2012 at 12:05 pm
Statistics are predominantly bullish for next week which would also support a bounce next week. The SPX first needs to clear 1366 which continues to provide resistance. The 20 day is at 1380. Overall, I don't put much credence into Max Pain and simply trade what I see.