Churchill Downs (CHDN)
Churchill Downs Max Pain By Strike
CHDN trades at $102.58, 2.3% below the near-term max pain of $105 expiring Aug 15, 2025 (-1 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($55-$110), signaling increased put positioning or downside protection. Key magnetic zone at 105 where 3 expirations converge.
Churchill Downs Max Pain By Expiry
Max pain for CHDN shows a downward trend from 110 to 55, indicating bearish sentiment or hedging activity. The 57% spread signals divergent expectations across timeframes. Most levels above 102.58 could support dips. Strong magnetic level at 105 (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 15, 2025 | 105 | 2.42 (2.36%) |
| Sep 19, 2025 | 105 | 2.42 (2.36%) |
| Oct 17, 2025 | 55 | -47.58 (-46.38%) |
| Dec 19, 2025 | 110 | 7.42 (7.23%) |
| Mar 20, 2026 | 105 | 2.42 (2.36%) |