Liquidity within Leveraged products was used to provide
a bid for the Underlying on Gamma/Delta.

With the overall decline in participation, we are seeing
Micro Range Squeezes develop when it is "Time".

Friday's trade was a run to Square, and with the Retail
Options players levered up in 420 Spy Calls... there was no
chance they would be paid.

The PCC remains useful although in a tighter range from .86
to 1.12.

Looking over the June 17s - "an Entity is looking for a deep correction of 20%+"

https://maximum-pain.com/options/SPY

CALLChart PatternsTechnical IndicatorsPCPCCPCRputratioTrend Analysis

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