First Trust Senior Loan F... (FTSL)
First Trust Senior Loan Fund Max Pain By Strike
FTSL trades at $45.88, 11.9% above the near-term max pain of $41 expiring Nov 21, 2025 (90 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($7.5-$41), indicating stable market expectations. High dispersion in max pain levels suggests competing forces and potential volatility.
First Trust Senior Loan Fund Max Pain By Expiry
Max pain for FTSL shows stable levels around 24.25, reflecting balanced market expectations. The 138% spread signals divergent expectations across timeframes. Most levels below 45.88 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 |
|---|---|---|
| Nov 21, 2025 | 41 | -4.88 (-10.64%) |
| Jan 16, 2026 | 7.5 | -38.38 (-83.65%) |