John Hancock Investments ... (JHML)
John Hancock Investments - Multifactor Large Cap ETF Max Pain By Strike
JHML trades at $76.42, 7.6% above the near-term max pain of $71 expiring Sep 19, 2025 (27 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($9-$72), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
John Hancock Investments - Multifactor Large Cap ETF Max Pain By Expiry
Max pain for JHML shows an upward trend from 9 to 72, suggesting bullish positioning in longer-dated options. The 114% spread signals divergent expectations across timeframes. Most levels below 76.42 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 | 71 | -5.42 (-7.09%) |
| Oct 17, 2025 | 72 | -4.42 (-5.78%) |
| Nov 21, 2025 | 57 | -19.42 (-25.41%) |
| Jan 16, 2026 | 9 | -67.42 (-88.22%) |
| Feb 20, 2026 | 68 | -8.42 (-11.02%) |