one day at a time thursday, page-59

rebel, here's some info for you:

"According to the theory of maximum pain, the underlying stock or index will tend to move towards the price where the greatest numbers of options contracts (in dollar value) will expire worthless. It is the point where option owners feel the maximum pain and option sellers reap the most reward. Whether some sort of market manipulation or mere chance causes this to occur is subject to debate, but there is some evidence that the tendency exists. It seems to occur more predictably when there are no major news stories or other market moving events that can otherwise cause a sudden movement in the underlying asset. So, you might think of that maximum pain point as the path of least resistance."