SPX & SPY Options

When I first heard about the max pain strategy, it sounded dramatic — like something out of a movie. In reality, it’s one of the more logical tools in options

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.

In options trading, understanding the difference between SPY and SPX can dramatically shape your strategy, affect your tax liability, and change your risk exposure. While both track the S&P 500

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

The S&P 500, short for the Standard & Poor’s 500, is a stock market index that is widely regarded as one of the best single gauges of large-cap U.S. equities.