Quadruple Witching ended today = Options Pinning

For those who do not know yet, today was Quadruple Witching Day which is when contracts on 4 different types of assets expire (stock options, stock index options, single stock futures and stock index futures).

Seeing how heavily manipulated AMC is, you can tell that the MMs (market makers) wanted to pin its price at the Max Pain level (which is the price where most call or put options became Out The Money and expire worthless), hence collecting all the options premiums for profit.

Guess what that max pain price was for today? $44. That's why you do not play with options on AMC but buy stock instead, otherwise you're just throwing away money. Now, all the $ 45 / 46 / 47 / 48 / 49 / 50 call options have expired worthless, and MMs have collected all the juicy premiums on those.

That's the stock market for you. Good news, now that Quadruple Witching is out of the way, next week will see much less options pinning and selling pressure = more green days!