SPY's max pain option expiration (opex) path until Feb Monthly.
Something to take note of is that Dec '15 opex closed well below max pain which might've been caused by delta hedging (and SPY trading ex-div). It's possible that further delta hedging the coming weeks puts selling pressure on the markets.
Option Expiration cycles www.investopedia.com...vestor/03/090303.asp
Max pain / strike peg www.investopedia.com.../terms/m/maxpain.asp
Strike peg tool www.optionistics.com...quotes/strike-pegger
Something to take note of is that Dec '15 opex closed well below max pain which might've been caused by delta hedging (and SPY trading ex-div). It's possible that further delta hedging the coming weeks puts selling pressure on the markets.
Option Expiration cycles www.investopedia.com...vestor/03/090303.asp
Max pain / strike peg www.investopedia.com.../terms/m/maxpain.asp
Strike peg tool www.optionistics.com...quotes/strike-pegger
