(DAX)
Max Pain By Strike
DAX trades at $44.39, pinned near the near-term max pain of $44 expiring Sep 19, 2025 (7 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($40-$45), signaling increased put positioning or downside protection.
Max Pain By Expiry
Max pain for DAX shows a downward trend from 45 to 40, indicating bearish sentiment or hedging activity. The 12% spread signals divergent expectations across timeframes. Most levels below 44.39 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 | 44 | -0.39 (-0.88%) |
| Oct 17, 2025 | 43 | -1.39 (-3.13%) |
| Jan 16, 2026 | 40 | -4.39 (-9.89%) |
| Apr 17, 2026 | 45 | 0.61 (1.37%) |