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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: tntpal who wrote (12458)	12/4/2021 11:48:29 AM
From: Kirk ©	2 Recommendations Recommended By berniel tntpal Respond to of 26766

I'd probably want to see the "Max pain" point rather than just half the calculation. 4000 would be a 16% correction... probably good enough to reset the market for another good run but with all the liquidity, it seems low odds by Dec 17th so they were probably very cheap. Hence the need to look at "max pain" calculations which are an integral of all outstanding options to see what price would cause the most pain on expiration. These days, I'm not sure you can get access to the data to make an accurate calculation... but if you can, I bet the players with big computers are well ahead. That is why I'll put take profits and buy back prices just before where these might be at.