Direxion Daily Dow Jones ... (WEBS)
Direxion Daily Dow Jones Internet Bear 3X Shares Max Pain By Strike
WEBS trades at $19.92, 32.8% above the near-term max pain of $15 expiring Sep 19, 2025 (25 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$460), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Direxion Daily Dow Jones Internet Bear 3X Shares Max Pain By Expiry
Max pain for WEBS shows a downward trend from 460 to 15, indicating bearish sentiment or hedging activity. The 423% spread signals divergent expectations across timeframes. Levels distributed around 19.92. 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 | 15 | -4.92 (-24.70%) |
| Oct 17, 2025 | 15 | -4.92 (-24.70%) |
| Dec 19, 2025 | 20 | 0.08 (0.40%) |
| Jan 16, 2026 | 460 | 440.08 (2209.24%) |
| Mar 20, 2026 | 16 | -3.92 (-19.68%) |