JPMorgan Ultra-Short Muni... (JMST)
JPMorgan Ultra-Short Municipal Income ETF Max Pain By Strike
JMST trades at $51.01, 2.0% above the near-term max pain of $50 expiring Sep 19, 2025 (27 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($48-$95), signaling increased put positioning or downside protection. Key magnetic zone at 48 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
JPMorgan Ultra-Short Municipal Income ETF Max Pain By Expiry
Max pain for JMST shows a downward trend from 95 to 48, indicating bearish sentiment or hedging activity. The 81% spread signals divergent expectations across timeframes. Most levels below 51.01 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 | 50 | -1.01 (-1.97%) |
| Oct 17, 2025 | 48 | -3.01 (-5.89%) |
| Dec 19, 2025 | 50 | -1.01 (-1.97%) |
| Jan 16, 2026 | 95 | 43.99 (86.26%) |
| Mar 20, 2026 | 48 | -3.01 (-5.89%) |