QQQQ Max pain is at 47. More often than not, it is relatively useless information, however we often end the week, or get pulled, either 1 point above or 1 point below. Given that the 49 strike has a put to call ratio of .33 (heavy on calls), I would be surprised to see today's gains hold for very long (current close is slightly above 49). There is always the outside chance that call sellers (short call) will get squeezed, but again, those high ISE equity readings keep me away from the long side.
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on Monday, May 12, 2008 at 5/12/2008 07:22:00 PM.
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