(HEFA)
Max Pain By Strike
HEFA trades at $39.12, 15.1% above the near-term max pain of $34 expiring Sep 19, 2025 (9 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($30-$37), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for HEFA shows a downward trend from 37 to 30, indicating bearish sentiment or hedging activity. The 21% spread signals divergent expectations across timeframes. Most levels below 39.12 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 | 34 | -5.12 (-13.08%) |
| Oct 17, 2025 | 30 | -9.12 (-23.30%) |
| Jan 16, 2026 | 37 | -2.12 (-5.41%) |
| Apr 17, 2026 | 35 | -4.12 (-10.52%) |