(HDEF)

HDEF trades at $29.99, 25.0% above the near-term max pain of $24 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($23-$6284.9), signaling increased put positioning or downside protection. Key magnetic zone at 24 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for HDEF shows a downward trend from 6284.9 to 23, indicating bearish sentiment or hedging activity. The 491% spread signals divergent expectations across timeframes. Most levels below 29.99 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.