Options Wonderland

[Market Technician]

with the vix dropping, maybe there's no need for max pain. I've lost half of all my premiums this week in options just from the vix, I think that's why they held sideways market all week. also max pain did not work last month, but has been reliable in the ten or so previous expirations. I imagined they've saved trillions in falling premiums this week, puts or calls.