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Monday, December 24, 2007

December's Option Max-Pain Targets

have been floating around 50.5 to 50.96, very close to last Friday's QQQQ closing price. The stability of the target price over the course of the month has been a little surprising to me, but it's good to know.

Real QQQQ prices has been fluctuating +/- 2.0 around the target price last month. For November when the target was around 52.5, the fluctuation was between +2.5 and -3.5.

Today's target price for January 18 QQQQ price is 49.6. Does this mean the market will bounce between 49.6 +/- 2.0 over the next 4 weeks?

I guess we'll find out.

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