$Advanced Micro Devices(AMD)$
Based on recent market data, the max pain price (May 15 expiry) is $280.00.
As we know, the rapid gamma squeeze was over previously. Now what? Another one? Absolutely not!
Then what will market makers do next? Are they going to do nothing to prevent their huge losses? Absolutely not!
They will violently unwind hedges with their more than enough accumulated shares to cause the price to drift slowly with maximized gain toward the max pain price of $280, where most options expire worthless. Meanwhile, this is also a natural gravitational pull toward the max pain (to buyers).
Here is the price target:
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