I wonder if we will see a similar sell-off going into close like we saw on the 26th of May? That day was similar to today with Max Pain at $180 and TSLA sitting around $197 at 3pm. Then it dropped over $5 in the next 40 minutes before recovering to close at $193, a lot closer the the nominal ideal options close around $185.
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I'm not particularly concerned whether anyone thinks this is caused by MM manipulation or natural market forces with delta hedging, broker options close out etc. The main point is it's happened before with major max pain over-runs and it will be interesting to watch and see if it happens again.
Today we're currently stuck around $216, max pain is $195 and the nominal ideal options close around $205-210. It will be interesting to see if we get a significant drop after 3pm. I'll be ready and watching.