First Trust Technology Al... (FXL)
First Trust Technology AlphaDEX Fund Max Pain By Strike
FXL trades at $160.31, 11.3% above the near-term max pain of $144 expiring Sep 19, 2025 (22 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($80-$162), signaling increased put positioning or downside protection. Key magnetic zone at 80 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
First Trust Technology AlphaDEX Fund Max Pain By Expiry
Max pain for FXL shows a downward trend from 162 to 80, indicating bearish sentiment or hedging activity. The 70% spread signals divergent expectations across timeframes. Most levels below 160.31 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 | 144 | -16.31 (-10.17%) |
| Oct 17, 2025 | 80 | -80.31 (-50.10%) |
| Dec 19, 2025 | 80 | -80.31 (-50.10%) |
| Mar 20, 2026 | 162 | 1.69 (1.05%) |