(HELX)
Max Pain By Strike
HELX trades at $30.11, 25.5% above the near-term max pain of $24 expiring Sep 19, 2025 (16 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($21-$500), 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 By Expiry
Max pain for HELX shows a downward trend from 500 to 21, indicating bearish sentiment or hedging activity. The 403% spread signals divergent expectations across timeframes. Most levels below 30.11 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 | 24 | -6.11 (-20.29%) |
| Oct 17, 2025 | 26 | -4.11 (-13.65%) |
| Nov 21, 2025 | 21 | -9.11 (-30.26%) |
| Jan 16, 2026 | 500 | 469.89 (1560.58%) |
| Feb 20, 2026 | 24 | -6.11 (-20.29%) |