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$1.72M
Enterprise value$-65.68M
Revenue (TTM)$16.89M
Gross profit$6.20M
EBITDA$867.65K
Net income$-3.35M
EPS (TTM)$-0.00
Free cash flow$-2.38M
Total cash$66.27M
Total debt$0
Book value / share$8.03
Shares outstanding17.20M
Float—
Short % of float0.55%
Dividend yield—
Beta (5Y)71.64
Short interest
Semi-monthly exchange report · lags by ~2 weeks
Shares short
48.72K
Prior 66.44K
Change vs prior
-26.7%
Shorts covering
% of float
0.55%
Normal
% of shares out
0.28%
Against total outstanding
Days to cover
0.6
Liquid
Float
—
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 / book0.01
EV / revenue-3.89
EV / EBITDA-75.70
Gross margin36.68%
Operating margin-49.52%
Profit margin-19.84%
Return on equity-2.41%
Return on assets-1.71%
Debt / equity—
Current ratio34.02
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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