First Trust Preferred Sec... (FPE)
First Trust Preferred Securities and Income ETF Max Pain By Strike
FPE trades at $18.29, 21.9% above the near-term max pain of $15 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($15-$20), reflecting growing call interest at higher strikes. Key magnetic zone at 15 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
First Trust Preferred Securities and Income ETF Max Pain By Expiry
Max pain for FPE shows an upward trend from 15 to 20, suggesting bullish positioning in longer-dated options. The 29% spread signals divergent expectations across timeframes. Most levels below 18.29 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 |
|---|---|---|
| Oct 17, 2025 | 15 | n/a (n/a) |
| Nov 21, 2025 | 20 | n/a (n/a) |
| Feb 20, 2026 | 18 | n/a (n/a) |
| May 15, 2026 | 15 | n/a (n/a) |