iShares 20 Year Treasury ... (TLT)
iShares 20 Year Treasury Bond ETF Max Pain By Strike
TLT trades at $89.38, pinned near the near-term max pain of $89 expiring Oct 6, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($84-$93), indicating stable market expectations. Key magnetic zone at 88 where 7 expirations converge.
iShares 20 Year Treasury Bond ETF Max Pain By Expiry
Max pain for TLT shows stable levels around 87.94, reflecting balanced market expectations. The 10% spread signals divergent expectations across timeframes. Most levels below 89.38 may cap rallies. Strong magnetic level at 88 (7 expirations). 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 |
|---|---|---|
| Oct 6, 2025 | 89 | n/a (n/a) |
| Oct 8, 2025 | 89 | n/a (n/a) |
| Oct 10, 2025 | 89.5 | n/a (n/a) |
| Oct 13, 2025 | 89.5 | n/a (n/a) |
| Oct 15, 2025 | 89 | n/a (n/a) |
| Oct 17, 2025 | 89 | n/a (n/a) |
| Oct 24, 2025 | 88.5 | n/a (n/a) |
| Oct 31, 2025 | 87.5 | n/a (n/a) |
| Nov 7, 2025 | 93 | n/a (n/a) |
| Nov 14, 2025 | 89.5 | n/a (n/a) |
| Nov 21, 2025 | 88 | n/a (n/a) |
| Dec 19, 2025 | 89 | n/a (n/a) |
| Dec 31, 2025 | 87 | n/a (n/a) |
| Jan 16, 2026 | 90 | n/a (n/a) |
| Feb 20, 2026 | 86 | n/a (n/a) |
| Mar 20, 2026 | 89 | n/a (n/a) |
| Mar 31, 2026 | 87 | n/a (n/a) |
| Apr 17, 2026 | 88 | n/a (n/a) |
| May 15, 2026 | 85 | n/a (n/a) |
| Jun 18, 2026 | 88 | n/a (n/a) |
| Jun 30, 2026 | 85 | n/a (n/a) |
| Jul 17, 2026 | 88 | n/a (n/a) |
| Aug 21, 2026 | 86 | n/a (n/a) |
| Sep 18, 2026 | 88 | n/a (n/a) |
| Sep 30, 2026 | 84 | n/a (n/a) |
| Jan 15, 2027 | 88 | n/a (n/a) |
| Jan 21, 2028 | 85 | n/a (n/a) |