Formula One Group (FWONK)
Formula One Max Pain By Strike
FWONK trades at $99.43, pinned near the near-term max pain of $100 expiring Sep 19, 2025 (34 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($50-$100), signaling increased put positioning or downside protection.
Formula One Max Pain By Expiry
Max pain for FWONK shows a downward trend from 100 to 50, indicating bearish sentiment or hedging activity. The 60% spread signals divergent expectations across timeframes. Most levels below 99.43 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 | 100 | 0.57 (0.57%) |
| Oct 17, 2025 | 50 | -49.43 (-49.71%) |
| Nov 21, 2025 | 95 | -4.43 (-4.46%) |
| Feb 20, 2026 | 90 | -9.43 (-9.48%) |