Direxion Daily Energy Bul... (ERX)
Direxion Daily Energy Bull 2X Shares Max Pain By Strike
ERX trades at $55.08, 8.0% above the near-term max pain of $51 expiring Sep 19, 2025 (24 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($30-$55), reflecting growing call interest at higher strikes. Key magnetic zone at 51 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Direxion Daily Energy Bull 2X Shares Max Pain By Expiry
Max pain for ERX shows an upward trend from 30 to 55, suggesting bullish positioning in longer-dated options. The 54% spread signals divergent expectations across timeframes. Most levels below 55.08 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 51 | -4.08 (-7.41%) |
| Oct 17, 2025 | 51 | -4.08 (-7.41%) |
| Jan 16, 2026 | 55 | -0.08 (-0.15%) |
| Apr 17, 2026 | 30 | -25.08 (-45.53%) |
| Jun 18, 2026 | 42 | -13.08 (-23.75%) |
| Jan 15, 2027 | 50 | -5.08 (-9.22%) |