Fortis Inc. (FTS)
Fortis Max Pain By Strike
FTS trades at $50.74, 12.8% above the near-term max pain of $45 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($7-$95), signaling increased put positioning or downside protection. Key magnetic zone at 45 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Fortis Max Pain By Expiry
Max pain for FTS shows a downward trend from 95 to 7, indicating bearish sentiment or hedging activity. The 194% spread signals divergent expectations across timeframes. Most levels below 50.74 may cap rallies. Strong magnetic level at 45 (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 |
|---|---|---|
| Aug 15, 2025 | 45 | -5.74 (-11.31%) |
| Sep 19, 2025 | 50 | -0.74 (-1.46%) |
| Oct 17, 2025 | 30 | -20.74 (-40.88%) |
| Nov 21, 2025 | 45 | -5.74 (-11.31%) |
| Jan 16, 2026 | 95 | 44.26 (87.23%) |
| Feb 20, 2026 | 45 | -5.74 (-11.31%) |
| Sep 18, 2026 | 7 | -43.74 (-86.20%) |