Disliked{quote} Every Friday (and wednesday) there are options that expire. The market makers do not want those options to expire in the money. The max pain level is the level that of price that will cause the most traders to loose money at the close. Today that level is 1.2350 (futures). MM will try get it around that price at the close if they can and if they have value. If they do not have value they will hedge. There is a big option barrier at 1.2300 which for sure they will not let price close below. As you can see from below they will try get it inbetween...Ignored
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