tag:blogger.com,1999:blog-7982981413278241287.post8604746974560553573..comments2023-10-28T17:54:39.467-06:00Comments on The Golden Truth: Are the European Central Banks Done Dumping Their Gold?Dave in Denverhttp://www.blogger.com/profile/03016238915167131989noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7982981413278241287.post-19498190583666248722009-08-19T10:47:55.103-06:002009-08-19T10:47:55.103-06:00Nice blog you have, by the way.Nice blog you have, by the way.Dave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-56802188324342254522009-08-19T10:45:34.445-06:002009-08-19T10:45:34.445-06:00He's using the "max pain" theory of ...He's using the "max pain" theory of the put/call structure on stocks as we approach options expiry. In a market with low volatility I think there's some merit to it, but I don't believe the market makers can control the market with precision using puts and calls. I've actually dabbled with Goldman Sachs options using "max pain" calculations and have gotten blown out of the water LOL.<br /><br />Here's a call option picture that I believe is very bullish - this is the open calls on December Comex gold - the big "chunks" you see at 1000, 1200 and 1400 showed up in the last 9 months or so:<br /><br />http://www.nymex.com/gol_opt_cscall.aspx?product=OG&month=Z&year=9&list1=Z&list2=9&session=C&putcall=C&prefix=gol<br /><br />In terms of what a "max pain" analysis might mean for the price of gold thru this Friday? I don't know. I've only casually paid attention to the put/call structure on GLD around op-ex in the past, but from what I've observed, the max pain analysis doesn't really work with GLD.<br /><br />If you think about it, let me know if you watch it unfold on Friday. My email address is midas10k@comcast.netDave in Denverhttps://www.blogger.com/profile/03016238915167131989noreply@blogger.comtag:blogger.com,1999:blog-7982981413278241287.post-32787499218213739002009-08-19T10:21:26.407-06:002009-08-19T10:21:26.407-06:00What do you think of this article?
http://www.mar...What do you think of this article?<br /><br />http://www.marketskeptics.com/2009/08/august-option-sweet-spots.htmlMysteryhttps://www.blogger.com/profile/15487885623049116291noreply@blogger.com