I was hoping for a reversal today. But I have to admit its strength. Down just a few cents considering the whole market pullback. Amazing. With this support, we will easily cross $245 tomorrow and possibly pin at $250 for the weekly opex.
I think that will prove to be a mistake. But, I do expect the squeeze to continue until it simply cannot anymore. The real investments are getting squeezed the other way. I stand ready to both adjust strikes and add...
Dude - max pain for this Friday is $235 right now, but it could easily slip to $240. Either way, that is a good drop from Today's close. You were not patient enough - this dog moves quick once it turns.