(DES)
Max Pain By Strike
DES trades at $32.91, 2.8% above the near-term max pain of $32 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($22-$32), indicating stable market expectations. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for DES shows stable levels around 26.80, reflecting balanced market expectations. The 37% spread signals divergent expectations across timeframes. Most levels below 32.91 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 |
|---|---|---|
| Aug 15, 2025 | 32 | -0.91 (-2.75%) |
| Sep 19, 2025 | 22 | -10.91 (-33.14%) |
| Oct 17, 2025 | 26 | -6.91 (-20.98%) |
| Jan 16, 2026 | 31 | -1.91 (-5.79%) |
| Apr 17, 2026 | 23 | -9.91 (-30.10%) |