(HERO)
Max Pain By Strike
HERO trades at $33.83, 2.5% above the near-term max pain of $33 expiring Sep 19, 2025 (6 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($20-$580), 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 HERO shows a downward trend from 580 to 20, indicating bearish sentiment or hedging activity. The 286% spread signals divergent expectations across timeframes. Levels distributed around 33.83. 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 | 33 | -0.83 (-2.45%) |
| Oct 17, 2025 | 23 | -10.83 (-32.01%) |
| Nov 21, 2025 | 28 | -5.83 (-17.23%) |
| Jan 16, 2026 | 580 | 546.17 (1614.45%) |
| Feb 20, 2026 | 20 | -13.83 (-40.88%) |
| Dec 18, 2026 | 490 | 456.17 (1348.42%) |