I predict the stock closes at 35 Friday and the current 60 cents per share in premium value for both the puts and calls erodes to zero.
Note: I'm currently short the Dec 35 puts and 45 calls in my IRA so I may be buying more which at 35 I'd love to do.
Max option pain 42.50 Actual pain 40.00 I guess it means nothing?
That may be the reason for the sell-off on low volumen.
MMs will try to expire $35 strike price worthless.