Aug. 28 at 1:01 PM
$PYPL Forgot to attach the Max-Pain figure last night. For the regular Sep cycle, its
$50. So, this drop makes PERFECT sense. The stock was trading
$10 above this level. Exact same scenario played out last year when I was involved here. The supposed reasons for the drop may be different, but the goal is always the same: return to Max-Pain, burn the maximum number of speculators (bull and bear), and protect the bankster option writers. 💋