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try 33 pal. it's coming and the drop in the naz will be severe. the shorts will take over this afternoon. wish i was a day trader with the price action today.
Wrong, Mel. Max pain still @ $35...will close slightly LOWER than $35.The reason? Too many covered calls sold on institutionally owned shares with a mean $55 strike.Why - ? Because when share price closes above a strike price, the shares can be called away.They don't want the shares called away.They want to keep the shares AND the premiums for the calls they sold.
Good luck with that; PAL.