@Thankfulness @lordofmorningwood13 See how it’s a fake market and the Market makers will 90% of the time ensure max pain. The markets are mostly fake. Go check JPM today…WS pumped all the financials so there was way more calls than puts because people chased…they didn’t want to pay out calls today so they dropped it from $170 …doesn’t matter what actually happens a lot of the time with quarterly numbers calls all about max pain of if it’s a Friday. Remember last year when Apple and AMazon dropped after the greatest earnings calls of all time …(sell the news) Bssssss…simply wanted to burn the calls because they outweighed the puts. Go check NVAX, ROKU, And GME and look at their ‘magic’ turn around today 100% max pain via Algo manipulation. Same thing with Netflix between 3:30 and 4 PM today the calls out numbered the puts at $530 so they crushed the price back down to $525 by 4 PM. Same thing with Tesla today. They were never gonna have it close below $1000 because of the puts at 1k
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@Thankfulness @lordofmorningwood13 It’s a totally rigged game..they do a big dog and pony show. Lots of candles and patterns blah blah blah just a coded program. They don’t care what the news is…it’s all programmed to go one way…and that’s in their favor. All stocks that have options on them when Fridays hit become are a giant atm machine for wallstreet to keep the options business humming along and they can borrow enough money to move any chart NO MATTER WHAT 90% of the time; even that nice little piece of Netflix news they made sure it pinned back to max pain before 4 PM. "Dog and pony show" is a colloquial term which has come to mean a highly promoted, often over-staged performance, presentation, or event designed to sway or convince opinion for political, or less often, commercial ends.
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