thursday dodgy spi expiry day, page-9

WhiteRhino, is better to look at SPX from CBOE data.

http://www.optionpain.com/MaxPain/Max-Pain-CBOE.php

This is the contract that is more heavily traded.

Still appears to be sitting at 875 at last nights close, but i did hear Art Cashin on CNBC last night indicating the level was more like 900 (there are a lot of OTC contracts separatly traded.

Suggests that gravity should keep pulling us lower over the next couple of days, but 875 would seem unlikely - never say never though