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.
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.
Rating changes
9 on file
Date
Firm
Action
From
To
Feb 18, 16
DA Davidson
DOWNGRADE
Buy
Neutral
Aug 11, 15
HC Wainwright & Co.
UPGRADE
Neutral
Buy
Jul 9, 15
HC Wainwright & Co.
INITIATED
—
Neutral
Jul 7, 14
Canaccord Genuity
DOWNGRADE
Buy
Speculative Buy
Jun 30, 14
HC Wainwright & Co.
INITIATED
—
Neutral
Apr 25, 13
Evercore ISI Group
INITIATED
—
Overweight
Mar 19, 13
Dominick & Dominick
DOWNGRADE
Buy
Neutral
Mar 19, 13
Canaccord Genuity
MAINTAINED
—
Buy
Aug 23, 12
DA Davidson
INITIATED
—
Buy
Dividends & splits
Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio—
Ex-dividend date—
Next pay dateSep 29, 2017
Last split1:75
Split dateSep 29, 2017
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. 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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Technical signal · TWER
Neutral -16
A weighted read of 11 indicators already shown on this page. Every input is listed below, so you can check the gauge against the panels rather than taking it on trust.
By category
Trend
-5354%
Momentum
+4340%
Position
-807%
Every input
Indicator
Reading
Score
Weight
Price vs SMA 20
0.01
+0.00
1.0
Price vs SMA 50
0.01
+0.00
1.4
Price vs SMA 200
0.04
-1.00
1.8
Price vs EMA 21
—
-0.11
0.8
Death cross
-71.3% apart
-1.00
1.6
MACD histogram
0.000
+0.25
1.2
RSI 14
4.6
+1.00
1.1
1-month return
0.00%
0.00
1.0
3-month return
0.00%
0.00
0.9
1-year return
+10,000.00%
+1.00
0.7
52-week range
0% of range
-0.80
0.8
What this is, and what it is not
Each indicator is scored from -1 to +1 and multiplied by a fixed weight. The gauge is the weighted average of the inputs that have data, so a symbol without analyst coverage or insider filings is scored on what exists rather than marked down for what is missing. That is why an ETF and a large-cap equity can both produce a reading.
The weights were chosen by us. They are not fitted to historical returns, not backtested, and carry no claim of predictive power. Two reasonable people would pick different weights and get a different number.
This is a summary of mechanical indicators, not a recommendation. It reads price history and published figures. It knows nothing about the business, the filings, the sector, litigation, an earnings date next week, or anything you know. Momentum indicators describe what has already happened. USA Equity Research LLC is not a registered investment adviser, and nothing here is advice.