Churchill Downs (CHDN)
Churchill Downs Max Pain By Strike
CHDN trades at $97.69, 7.0% below the near-term max pain of $105 expiring Sep 19, 2025 (9 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is stable across expirations ($105-$110), indicating stable market expectations. Key magnetic zone at 105 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Churchill Downs Max Pain By Expiry
Max pain for CHDN shows stable levels around 106.25, reflecting balanced market expectations. The 5% spread suggests strong consensus on fair value. Most levels above 97.69 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 |
|---|---|---|
| Sep 19, 2025 | 105 | 7.31 (7.48%) |
| Oct 17, 2025 | 105 | 7.31 (7.48%) |
| Dec 19, 2025 | 110 | 12.31 (12.60%) |
| Mar 20, 2026 | 105 | 7.31 (7.48%) |