source that reports S&P max pain?

[Susannah]

Wondering if anybody has a lazy man's way of getting the S&P max pain or SPY would be OK, too. Thanks.

 

[index_trad3r]

download an options analysis tool such as options oracle, type in SPY in the quote box, click on the max pain button.

 

[shortie]

so where is the max pain?

 

[snowhite]

you know. max.

 

[index_trad3r]

Quote from shortie:

so where is the max pain?

around 970 for November expiration and around 1000 for December.

 

[HLB]

what is "max pain"? never heard

Thanks in Advance

 

[NoProblem]

http://www.optionpain.com/MaxPain/Max-Pain.php

 

[shortie]

Quote from index_trad3r:

around 970 for November expiration and around 1000 for December.

12% advance in 5 days is possible in this market. we shall see.

if friday late day sell-off was like that on oct-27 when the market zoomed up the next day, spy 97 by expiration will become a reality.

 

[MrDODGE]

Quote from shortie:

12% advance in 5 days is possible in this market. we shall see.

if friday late day sell-off was like that on oct-27 when the market zoomed up the next day, spy 97 by expiration will become a reality.

12% in either direction is possible in a single day!

 

[index_trad3r]

Quote from HLB:

what is "max pain"? never heard

Thanks in Advance

there is this very popular internet site that allows you to search the internet to find an explanation for "max pain" i think that site begins with the letter g but i forget the name. when you get on it just type in "what is option max pain" and i'm sure you'll find an answer to your question.