Remora report Whale watching open interest
Updated
In the short term, we see that options have a 3450 max pain price for 4/3/22
coinoptionstrack.com/options/ETH/open-interest
and for 4/4/22 we have a max pain of over 3500
The weekly option drops to 3200 on 4/8 *the whales know something we don't
A lot of stable coin is getting moved to market
twitter.com/whale_alert/?lang=en
coinoptionstrack.com/options/ETH/open-interest
and for 4/4/22 we have a max pain of over 3500
The weekly option drops to 3200 on 4/8 *the whales know something we don't
A lot of stable coin is getting moved to market
twitter.com/whale_alert/?lang=en
Note
3500 is the price of max pain investopedia.com/terms/m/maxpain.asp
What Is Max Pain?
Max pain, or the max pain price, is the strike price with the most open options contracts (i.e., puts and calls), and it is the price at which the stock would cause financial losses for the largest number of option holders at expiration.
The term max pain stems from the maximum pain theory, which states that most traders who buy and hold options contracts until expiration will lose money.
KEY TAKEAWAYS
Max pain, or the max pain price, is the strike price with the most open contract puts and calls and the price at which the stock would cause financial losses for the largest number of option holders at expiration.
The Maximum Pain theory states that an option's price will gravitate towards a max pain price, in some cases equal to the strike price for an option, that causes the maximum number of options to expire worthless.
Max pain calculation involves the summation of the dollar values of outstanding put and call options for each in-the-money strike price.
the option expiry for 4/5/22 is at 8am utc ( 9 hours from now) the price of eth will hover or gravitate to that point.
This latest pump are whales going long to collect the option to revers into a short for later this week 4/8/22
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.