Option Open Interest Effects On Expiration Price Pinning: Is It Real?

I personally don’t believe in the “max. pain” theory of pinning, seeing it as an illusion instead. Here’s why: Except for a very few traders who are using ITM options as a means of entering or exiting a stock trade, everyone else has generally exited their ITM options prior to expiration day. …

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Option Open Interest Effects On Expiration Price Pinning: Is It Real?