Max Pain
All Categories
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
When I first heard about the max pain strategy, I thought it sounded dramatic — like something out of a movie. But in reality, it’s one of the most logical
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.
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