thursday dodgy spi expiry day, page-62

It is interesting looking at the May expiry, the patterns leading up to it look remarkably similar to what we have in the lead up to this expiry.

Jaolsa can you remember where we were at with option maximum pain in the week leading up to the May expiry? Considering the trend was up leading into that expiry i would assume it would be similar to now - i.e. there were a lot more calls then puts.

If i am correct and the pattern continues, we should see a higher open tonight in the US before we drop quite significantly into the close (maybe to the 900 level). Then a couple of big up days early next week