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
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Last
8,639.0 |
Change
77.200(0.90%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,561.8 | 8,641.3 | 8,561.8 |
| XJO (ASX) Chart |