Sell Low, Buy High: Welcome to the Max Pain Trade

They sold the lows… now they’re chasing the highs

After one of the largest outflow episodes in years, investors are being forced back into equities as the squeeze accelerates. Flows, momentum, and positioning are now all aligned higher… but the move is getting stretched.

This has been an options dream market. In an environment defined by violent shifts in sentiment and positioning, using options isn’t just about chasing upside, it’s about managing risk, defining exposure, and staying flexible...