(CHAU)
Max Pain By Strike
CHAU trades at $16.85, pinned near the near-term max pain of $17 expiring Sep 19, 2025 (32 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7-$17), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for CHAU shows a downward trend from 17 to 7, indicating bearish sentiment or hedging activity. The 83% spread signals divergent expectations across timeframes. Most levels below 16.85 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 | 17 | 0.15 (0.89%) |
| Oct 17, 2025 | 7 | -9.85 (-58.46%) |
| Nov 21, 2025 | 11 | -5.85 (-34.72%) |
| Feb 20, 2026 | 13 | -3.85 (-22.85%) |