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OI will be THursday due to Good Friday Holiday.Max Pain currently at 40 but trending to 35
I mentioned this in a previous post, but take a look at the open interest of puts versus calls.Tons of puts need to cash out to lock in profits versus calls. Should gravitate the stock upward and place a floor in stp.Given market conditions do not completely melt down.
It usually does - depends a lot on the broad markets reaction over the next few days.
"Edge and Hedge" strategies are currently used at the major trading desks which pretty much negate the Maxpain influences. Been this way for quite some time.I only see approx. 300K of wipeout on the puts, not of interest to many majors, hedgies or desks.
Thanks. retired folks have trouble tracking holidays (its OE, too; expiration not inspiration!)so max pain 40 --> 35, is this an upward pressure on the stock for the week? at the moment dow is almost back to -0- and stp is still down 3.5%.
You are correct it is OE on Thursday, 3/20 It is OI, options inspiration on Sunday 3/23 Easter, resurection day, when al things worth anything in the human and eternal equation go up in value despite what our accounts do. OE=3/20 = $ OI=3/23 = +