Buy SPY by May 23, 2025.

A lot of Friday sell off was an amalgamation of many things, but here's why I think it's oversold and that that a bounce is coming. Many forgot that the monthly expiration was Friday for the options market. Max pain was around 601 for SPY (where most contracts expire worthless). Market makers dumped most of their hedge by selling their stocks as max pain was hit on monthly expiration and a ton of calls expired so they don't need to …