It’s So Sticky……..

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My largest position, by far, is September 15 2023 puts on EFA at a strike of $73. The bid/ask is at 3.70 by 3.90, and there it sits. I obviously have a ton of time on these (163 days as of today) and, with any luck, will make this my best trade of the year. Besides being my biggest trade, it also has the largest extrinsic value (about 60%) which is no surprise considering how much time is left. Here is the minute bar chart over the past sixty trading days.

Here is the daily chart. The key here is that it does not exceed $72.44.