(FBND)
Max Pain By Strike
FBND trades at $46.46, 16.2% above the near-term max pain of $40 expiring Sep 19, 2025 (9 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($40-$6284.9), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for FBND shows a downward trend from 6284.9 to 40, indicating bearish sentiment or hedging activity. The 484% spread signals divergent expectations across timeframes. Most levels below 46.46 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 | 40 | -6.46 (-13.90%) |
| Oct 17, 2025 | 44 | -2.46 (-5.29%) |
| Jan 16, 2026 | 40 | -6.46 (-13.90%) |
| Apr 17, 2026 | 41 | -5.46 (-11.75%) |
| Jan 23, 2064 | 6284.9 | 6238.44 (13427.70%) |