Direxion Daily Small Cap ... (TNA)
Direxion Daily Small Cap Bull 3X Shares Max Pain By Strike
TNA trades at $37.34, pinned near the near-term max pain of $37 expiring Aug 22, 2025 (1 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($30-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 37 where 3 expirations converge.
Direxion Daily Small Cap Bull 3X Shares Max Pain By Expiry
Max pain for TNA shows a downward trend from 97.5 to 30, indicating bearish sentiment or hedging activity. The 160% spread signals divergent expectations across timeframes. Levels distributed around 37.34. Strong magnetic level at 37 (3 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 |
|---|---|---|
| Aug 22, 2025 | 37 | -0.34 (-0.91%) |
| Aug 29, 2025 | 36.5 | -0.84 (-2.25%) |
| Sep 5, 2025 | 35 | -2.34 (-6.27%) |
| Sep 12, 2025 | 37 | -0.34 (-0.91%) |
| Sep 19, 2025 | 36 | -1.34 (-3.59%) |
| Sep 26, 2025 | 38 | 0.66 (1.77%) |
| Oct 17, 2025 | 30 | -7.34 (-19.66%) |
| Jan 16, 2026 | 30 | -7.34 (-19.66%) |
| Apr 17, 2026 | 38 | 0.66 (1.77%) |
| Dec 18, 2026 | 97.5 | 60.16 (161.11%) |
| Jan 15, 2027 | 48 | 10.66 (28.55%) |