Max pain for AAPL as of close on 1/17:

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Max Pain is presently $525, or 4.6% above today's closing price. Not an exact science, to be sure, but I would expect the price try to move higher and pin somewhere in the 510-520 strike.

Over the past 40d AAPL has a net 2,000K shares net accumulation while retail has distributed over 3,500K shares.

Past 20 days are not as optimistic, but still positive for LEV with the numbers at 500K net for LEV and -400 net for SEV.

Past 10d show that LEV is significantly below the waterline by 1800K shares while retail is positive 286K shares.

Last 5 Days show LEV starting to pick up while retail continues to dump.

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Classic case of the small/retail markets being out of sync with the "smart" institutional money. Classic.

Regards,

pgd