Zeev's Turnips Patch-No Politics (ZEEV)

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Brightness, this is a superb, lucid explanation. So, it seems that point (1) is the MaxPain phenomenon where option writers try to pay out the least amount of money at expiration. Also, point (2) suggests that massive call/put purchases indicate corresponding massive new equity short/long positions, indicating a top/bottom or at least creating a major resistance/support level for QQQ. Would you agree with these interpretations? TIA