(FNY)

FNY trades at $83.78, 7.4% above the near-term max pain of $78 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($63-$80), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FNY shows a downward trend from 80 to 63, indicating bearish sentiment or hedging activity. The 23% spread signals divergent expectations across timeframes. Most levels below 83.78 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.