TG- You're a smart guy. "Max-pain" is a fluid number. It's foundation is based on those that think it will go higher than where it is now, and those that think lower. Therefor, max-pain is going to be close many months. However, you can make the same guess by drawing a trendline. Some stocks will drift back to the trend line and some will drift away.
It's funny that many like to prove "Max Pain" effectiveness by using QQQ. Well, QQQ has a strike point at every point. Someone today said max pain on QQQ was 34.50. Talking about sitting on the fence. What good dose that do? It can go up or down and still me argued that it worked. QQQ represents an index. It is going to naturally have a fair amount of hits. Hell, if max pain really worked, QQQ should hit almost everytime.
TG, when I fisrt came across Max pain it seemed to make so much sense. Then, like everything else I do a researched with the passion that my little dog is doing right now trying to chase chipmucks out from underneath rocks. After a bunch of research I found that there is nothing there.
Like you almost said, when it works when it works. When it doesn't, you ignore it.
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