Janus Henderson Mortgage-... (JMBS)
Janus Henderson Mortgage-Backed Securities ETF Max Pain By Strike
JMBS trades at $45.28, 16.1% above the near-term max pain of $39 expiring Sep 19, 2025 (21 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($39-$44), indicating stable market expectations. Key magnetic zone at 39 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Janus Henderson Mortgage-Backed Securities ETF Max Pain By Expiry
Max pain for JMBS shows stable levels around 40.50, reflecting balanced market expectations. The 12% spread signals divergent expectations across timeframes. Most levels below 45.28 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 | 39 | -6.28 (-13.87%) |
| Oct 17, 2025 | 44 | -1.28 (-2.83%) |
| Jan 16, 2026 | 39 | -6.28 (-13.87%) |
| Apr 17, 2026 | 40 | -5.28 (-11.66%) |