Expiration, Pin and Opportunities

by OptionPundit on April 18, 2008

US Equity (Apr) options will expire today and there will be opportunities abound. First of all, the king will be making moves (i.e. GOOG), so is ISRG. MA and OIH are pretty much on the top range and OIH will be affected by SLB‘s moves.

If you are a believer in “maximum pain theory”, today none of the above i.e. MA, OIH, GOOG and ISRG are even close to maximum pain point. We can disregard GOOG and ISRG due to earnings, but OIH and MA are way off.

Other key tickers to look at are Goldman Sachs (GS), Apple (AAPL), CME Group (CME)and Research in Motion (RIMM). But be careful, as options will lose time value and IV very rapidly. So if there are chances to make disproportionate money, so are the chances of loss.

Profitable trading, OP

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