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In my 20+ years trading SPX credit spreads and iron condors, I’ve learned that the market doesn’t just move because of “news” or headlines. A huge part of what you
If you spend any time around options traders, you’ll hear the term “max pain” over and over.Some traders swear by it as a reliable expiration “magnet.” Others roll their eyes
Options traders love talking about “max pain” — especially on expiration day. Some swear it’s a secret weapon, others say it’s noise. What most traders miss, though, is how differently
If you’ve ever seen SPX or SPY gravitate toward a seemingly arbitrary level on a Friday afternoon, you might’ve witnessed expiration pinning in action. Some traders treat it like gospel.
If you’ve ever bought a call or put option before earnings—and the stock moved your way but you still lost money—you’ve experienced IV Crush.It’s confusing. Frustrating. Even feels like a
Why SPY Max Pain Matters More Than You Think If you trade SPY options, understanding SPY max pain can give you a serious edge. This concept — the price level