The Investment Thread
The hilarity in BBBY continues. Max pain is a share price value that results in the least amount of calls and puts that end up in the money.
Stocks that tend to be volatile can get a lot of action.
BBBY got 20% of its daily volume in the last 5 minutes of trading today.
Max pain (again the price where option writers end up paying out the least) was $7.00 for BBBY.
The closing price of BBBY wasn’t $6.99 or $7.01. It was $7.00.