Replies to post #353 on Direxion Daily Smal Cap Bull 3X Shares (TNA)

[farooq]

It did close on 43% buy it would be 67% buy if we would close above 97.60.
Options players may try to close it below 95 to get most out of calls.
So max pain could be at 98 from put preceptive. I am short 96 Puts and long 95 calls.
Disclaimer, will unwind on Friday morning. If unload 95 calls properly than will let go 96 to expiration. I may decide to short common against 95 calls. I will try to keep it simple.