Max pain at $6. Going to start tracking this on expiration days to see if there’s anything to it.

  1. Hm so what we can probably infer from that is the call writers have control here. So likely most market makers are going to do what they can to make the most calls expire worthless as possible. If thats true then BBBY should close between 4.50 and 4.99 today so the $5 calls expire worthless.

  2. Ever since I started tracking the open interest every day in my post updates, August was dead af and then has just been exploding with activity lately. I like that price point too 😏

  3. Don’t go out and buy a bunch of $5 DTE’s today. I dunno maybe thats the play but I’m highly skeptical of this theory since max pain can just change hour to hour. But lets see! Keepin records

  4. BBBY doesn't seem to close on max pain often. Some weeks it's $2 out. Definately wouldn't be day trading based on max pain.

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Author: admin