First Trust Cloud Computi... (SKYY)
First Trust Cloud Computing ETF Max Pain By Strike
SKYY trades at $127.56, 7.2% above the near-term max pain of $119 expiring Sep 19, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($100-$121), signaling increased put positioning or downside protection. Key magnetic zone at 119 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
First Trust Cloud Computing ETF Max Pain By Expiry
Max pain for SKYY shows a downward trend from 121 to 100, indicating bearish sentiment or hedging activity. The 18% spread signals divergent expectations across timeframes. Most levels below 127.56 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 | 119 | -8.56 (-6.71%) |
| Oct 17, 2025 | 100 | -27.56 (-21.61%) |
| Jan 16, 2026 | 119 | -8.56 (-6.71%) |
| Apr 17, 2026 | 121 | -6.56 (-5.14%) |