My Life My Trade

The max pain level for GOOG is $440 for the upcoming August expiration.

On a day when Nasdaq is up more than 1% and most of the big tech names are up 2 to 3%, GOOG has spent most of the day in red and has budged a few cents only. This is more evidence that GOOG is getting pinned to $440 and not $450 (although I am sure that MMs will flirt with $450 to suck in more bag holders)

As of Monday Aug 17, 2009 4:15PM ET, these levels are:

AAPL – $155

RIMM – $75

GS – $155

QQQQ – $38 (massive massive OI in puts at $38 level)

IWM – $53 –> difficult to see this happening

SPY – $98

GOOG – $440