(FBND)
Max Pain By Strike
FBND trades at $45.76, pinned near the near-term max pain of $46 expiring Aug 15, 2025 (-1 days). Price stability likely with balanced options positioning at this level. 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 577% spread signals divergent expectations across timeframes. Levels distributed around 45.76. 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 | 46 | 0.24 (0.52%) |
| Sep 19, 2025 | 40 | -5.76 (-12.59%) |
| Oct 17, 2025 | 44 | -1.76 (-3.85%) |
| Jan 16, 2026 | 40 | -5.76 (-12.59%) |
| Apr 17, 2026 | 41 | -4.76 (-10.40%) |
| Jan 23, 2064 | 6284.9 | 6239.14 (13634.48%) |