Max pain shows $485 on a whole spate of calculators
I don't know whether all this means anything because I've seen many weeks where max pain wasn't close. Where will we close? Of course I don't know. But it's clear that max pain is 485 on every site I checked.
Cramer recently did a long article on Max Pain when closing share price was exactly on Max Pain (last month?)...DoesAAPL closing price on options expiration often miss by 20 points or is it closer to +/- 4 dollars a share?
I can't answer that but I have seen it bounce all day and then finish within pennies of the max pain. But I've also seen it miss by 10 points if news or sentiment comes into play. So I'm no expert. But those who like to count on max pain often seem to believe it. I guess we'll get another data point tomorrow.
My understanding is max pain inflicts the most pain to both call and put holders will lose money. So it indicates that there is both a large set of calls above max pain and a large number of puts below max pain, creating a stasis between the groups. Like you, I would be very happy with 485 but it seems like a stretch to me. We'll see. Good luck tomorrow.