/biz/ - Business & Finance

>>52502595
Every single part of your post is wrong to an embarrassing level
The only sentence that is correct is the first one
>Will likely be a rollercoaster/crabby
Well, which is it? Lmao. Saying "It's either going to be a lot of volatility up and down, or it's going to be flat!" is like saying "It's either going to go up, or it's going to go down!" this says nothing whatsoever - in general, on option expiration days, the market is more flat than other days, this is due to the increased volume
>but the low volume will ensure the algos control where it goes
No. Option expiration days = increased volume. Everyone is rolling positions, taking profits, trying to hit their target before expiry, having to dynamically hedge as we get closer and closer to expiry. Option expiration = more volume --- it's because of this increased volume that the market is more likely to be flat or within range, increased volume = harder for prices to move up or harder to fall; with thin volume, you can move prices very far
>Max pain is up from here so expect a green close.
No, it isn't. Max pain for SPY today is $385, for QQQ $279, for DIA $335 - all 3 indices maximum pain is lower
Furthermore, when maximum pain gets this far away from the strike, prices trend not to go towards maximum pain as it's too far, but instead look to minimize the closest largest strike
>gif related