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$20.02K
Enterprise value$-19.89M
Revenue (TTM)$205.08M
Gross profit$-236.86M
EBITDA$-323.06M
Net income$-287.49M
EPS (TTM)$-55.44
Free cash flow$-288.74M
Total cash$4.85M
Total debt$10.95M
Book value / share$0.07
Shares outstanding2.00B
Float2.00B
Short % of float1.06%
Dividend yield—
Beta (5Y)26.18
Short interest
Semi-monthly exchange report · lags by ~2 weeks
Shares short
21.26M
Prior 22.68M
Change vs prior
-6.2%
Shorts covering
% of float
1.06%
Normal
% of shares out
1.06%
Against total outstanding
Days to cover
0.3
Liquid
Float
2.00B
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-0.00
PEG ratio1.69
Price / sales—
Price / book0.00
EV / revenue-0.10
EV / EBITDA0.06
Gross margin-115.49%
Operating margin-72.99%
Profit margin-140.18%
Return on equity-1792.86%
Return on assets-269.93%
Debt / equity16.73
Current ratio0.62
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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