(DJIA)
Max Pain By Strike
DJIA trades at $21.77, 20.9% above the near-term max pain of $18 expiring Sep 19, 2025 (33 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($7-$21), reflecting growing call interest at higher strikes. Key magnetic zone at 21 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for DJIA shows an upward trend from 7 to 21, suggesting bullish positioning in longer-dated options. The 81% spread signals divergent expectations across timeframes. Most levels below 21.77 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 | 18 | -3.77 (-17.30%) |
| Oct 17, 2025 | 21 | -0.77 (-3.51%) |
| Jan 16, 2026 | 21 | -0.77 (-3.51%) |
| Apr 17, 2026 | 19 | -2.77 (-12.70%) |
| Aug 21, 2026 | 7 | -14.77 (-67.84%) |