JPWatkins
1:10 pm on August 31, 2010 524 days agoReply
That’s pretty interesting.
Thanks, Nicu.
How do we little guys make our way in this world? :-0
BTW, Have you been able to write a “Current Pain” calculator yet?
And what do people make of the Friday pinnings? Does the equivalent of OE come every Friday now?
I don’t even see the weekly option chain on my platform, but if you do, you may use my little software
caruso2323
8:51 pm on August 31, 2010 523 days agoReply
@nicu
Can you use your little Softie to calculate the Weekly Maximum pain based on data accumulated at the end of wednesday’s , so that we get some correlation to nolavabo’s model ?
nolavabo
2:28 pm on August 31, 2010 523 days agoReply
Yes, every Friday is opex now. The only reason that it wasn’t pinned to $240 last week was that it would have needed to go red to do so, on a +180 Dow day.
Even the big pigs won’t waste their ammo when it was at $250 on Monday. They would have scooped up enormous numbers of suckers buying the $250 calls for a $242 (ish) close to still be very profitable.
My highly distilled analysis on it so far is this – take the closest round number based on the closing price of Wednesday, and it’ll be pinned to there.
caruso2323
8:49 pm on August 31, 2010 523 days agoReply
@nolavabo
I hear a great proportion of calls @250 today …
Nicu
3:47 am on September 1, 2010 523 days agoReply
I do not have the data about the weekly option chain; if anyone has it, I am happy to help
JPWatkins 1:10 pm on August 31, 2010 524 days ago Reply
That’s pretty interesting.
Thanks, Nicu.
How do we little guys make our way in this world? :-0
BTW, Have you been able to write a “Current Pain” calculator yet?
And what do people make of the Friday pinnings? Does the equivalent of OE come every Friday now?
Nicu 2:24 pm on August 31, 2010 523 days ago Reply
yep, I published some time ago the max pain calculator but it involves some work to get results (in fact to get the options chain)
http://www.traderhood.com/2010/08/16/aug-max-pain/
but I observed that here they have pretty much up to date data (only for monthly options)
http://www.optionpain.com/MaxPain/Max-Pain.php
I don’t even see the weekly option chain on my platform, but if you do, you may use my little software
caruso2323 8:51 pm on August 31, 2010 523 days ago Reply
@nicu
Can you use your little Softie to calculate the Weekly Maximum pain based on data accumulated at the end of wednesday’s , so that we get some correlation to nolavabo’s model ?
nolavabo 2:28 pm on August 31, 2010 523 days ago Reply
Yes, every Friday is opex now. The only reason that it wasn’t pinned to $240 last week was that it would have needed to go red to do so, on a +180 Dow day.
Even the big pigs won’t waste their ammo when it was at $250 on Monday. They would have scooped up enormous numbers of suckers buying the $250 calls for a $242 (ish) close to still be very profitable.
My highly distilled analysis on it so far is this – take the closest round number based on the closing price of Wednesday, and it’ll be pinned to there.
caruso2323 8:49 pm on August 31, 2010 523 days ago Reply
@nolavabo
I hear a great proportion of calls @250 today …
Nicu 3:47 am on September 1, 2010 523 days ago Reply
I do not have the data about the weekly option chain; if anyone has it, I am happy to help