We shoot up higher at open with CBOE Put/Call hovering between 1.40 and 1.55 after the first half hour of trading. The market will not fall today until this CBOE Put/Call can drop below 1.20. It looks like we could set up for a mildly bullish day.
Since it is Options Expiration week and Max Pain for the QQQQ's is at 46, I don't see us melting up big time this week....... We'll probably stay flat and about the 50-day MA until next week or late Friday.
Barry
CBOE Put/Call around 1.45
Started by
qqqqtrdr
, Jun 13 2007 09:26 AM
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