Virtus InfraCap U.S. Pref... (PFFA)
Virtus InfraCap U.S. Preferred Stock ETF Max Pain By Strike
PFFA trades at $21.71, 3.4% above the near-term max pain of $21 expiring Sep 19, 2025 (26 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7.5-$40), signaling increased put positioning or downside protection. Key magnetic zone at 21 where 2 expirations converge.
Virtus InfraCap U.S. Preferred Stock ETF Max Pain By Expiry
Max pain for PFFA shows a downward trend from 40 to 7.5, indicating bearish sentiment or hedging activity. The 149% spread signals divergent expectations across timeframes. Levels distributed around 21.71. 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 | 21 | -0.71 (-3.27%) |
| Oct 17, 2025 | 19 | -2.71 (-12.48%) |
| Dec 19, 2025 | 21 | -0.71 (-3.27%) |
| Jan 16, 2026 | 7.5 | -14.21 (-65.45%) |
| Mar 20, 2026 | 22 | 0.29 (1.34%) |
| Jun 18, 2026 | 40 | 18.29 (84.25%) |