Ellington Credit (EARN)
Ellington Credit Max Pain By Strike
EARN trades at $5.63, 24.9% below the near-term max pain of $7.5 expiring Sep 19, 2025 (7 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is rising across expirations ($5-$7.5), reflecting growing call interest at higher strikes. Key magnetic zone at 8 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Ellington Credit Max Pain By Expiry
Max pain for EARN shows an upward trend from 5 to 7.5, suggesting bullish positioning in longer-dated options. The 38% spread signals divergent expectations across timeframes. Levels distributed around 5.63. Strong magnetic level at 8 (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 | 7.5 | 1.88 (33.33%) |
| Oct 17, 2025 | 7.5 | 1.88 (33.33%) |
| Dec 19, 2025 | 5 | -0.63 (-11.11%) |
| Jan 16, 2026 | 7.5 | 1.88 (33.33%) |
| Mar 20, 2026 | 5 | -0.63 (-11.11%) |