Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Free account required
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
TTM · reported
Market cap$263
Enterprise value$2.06M
Revenue (TTM)$317.79K
Gross profit$-36.75K
EBITDA$3.89M
Net income$934.35K
EPS (TTM)$0.00
Free cash flow$7.47M
Total cash$364.97K
Total debt$2.43M
Book value / share$13.71
Shares outstanding2.64M
Float2.21M
Short % of float7.74%
Dividend yield—
Beta (5Y)-4,250.14
Short interest
Semi-monthly exchange report · lags by ~2 weeks
Shares short
170.44K
Prior 246.69K
Change vs prior
-30.9%
Shorts covering
% of float
7.74%
Normal
% of shares out
6.46%
Against total outstanding
Days to cover
3.0
Liquid
Float
2.21M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Valuation & profitability ratios
Account required
Trailing P/E—
Forward P/E—
PEG ratio—
Price / sales—
Price / book0.00
EV / revenue6.49
EV / EBITDA0.53
Gross margin-11.56%
Operating margin876.46%
Profit margin294.01%
Return on equity2.66%
Return on assets4.25%
Debt / equity6.71
Current ratio0.19
Free account required
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors.
Instrument
Long-dated equity options (LEAPS)
Signal source
USA Equity Algorithm, run on our own research data
Execution
Human-reviewed, discretionary
Construction
Diversified across 20+ concurrent positions
Minimum
$1,000,000
The algorithm produces the ideas. A human sizes each one against the portfolio and decides what actually gets executed, and what gets passed on.
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