CSCO 100 EMA near 15, max pain 15, strong positive OBV trend, price 14.80
MSFT 50 day EMA 53, 100 day EMA 55, max pain 55, weak down trending OBV, price 52
INTC 50 day EMA 22, 100 day ema 25, max pain 20, strong down trending OBV, price 19.40
ORCL 50 day EMA 9.50, 100 day EMA 10.50, max pain 7.5, flat OBV trend, price 17.90
AMAT 50 day EMA 20.50, 100 day EMA 22.00, max pain 22.50, strong OBV downtrend, price 17.50
BGEN 50 day EMA 40, 100 day EMA 45, max pain 45, strong OBV downtrend, price 35.05
AMGN 50 day EMA 42, 100 day EMA 47, max pain 40, strong OBV downtrend, price 37.10
Jim, I find the max pain numbers have more relevance for indivdual stocks the Thursday or Friday of the week before options expiration week. This is last week. The max pain numbers would have been different at that point. This is the point professional traders exit before any remaining time premium disaapears.
Like most indicator it can not be used in isolation and many times means nothing. On average I would stay there will be a positive in the NDX till options expiration is over. I don't expect a break of the 1370 level on a closing bases.
Let's see if the max pain numbers have any effect. As I said they seems to have more power the week before options expiration. |
