AdvisorShares Ranger Equi... (HDGE)
AdvisorShares Ranger Equity Bear ETF Max Pain By Strike
HDGE trades at $16.54, 3.4% above the near-term max pain of $16 expiring Sep 19, 2025 (29 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($9-$6284.9), signaling increased put positioning or downside protection. Key magnetic zone at 16 where 3 expirations converge.
AdvisorShares Ranger Equity Bear ETF Max Pain By Expiry
Max pain for HDGE shows a downward trend from 6284.9 to 9, indicating bearish sentiment or hedging activity. The 588% spread signals divergent expectations across timeframes. Levels distributed around 16.54. Strong magnetic level at 16 (3 expirations). 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 | 16 | -0.54 (-3.26%) |
| Oct 17, 2025 | 16 | -0.54 (-3.26%) |
| Jan 16, 2026 | 16 | -0.54 (-3.26%) |
| Apr 17, 2026 | 9 | -7.54 (-45.59%) |
| Dec 18, 2026 | 60 | 43.46 (262.76%) |
| Jan 23, 2064 | 6284.9 | 6268.36 (37898.19%) |