(IBB)
Max Pain By Strike
IBB trades at $143.12, 6.0% above the near-term max pain of $135 expiring Sep 19, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($130-$140), indicating stable market expectations. Key magnetic zone at 130 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for IBB shows stable levels around 133.89, reflecting balanced market expectations. The 7% spread suggests strong consensus on fair value. Most levels below 143.12 may cap rallies. Strong magnetic level at 130 (4 expirations). 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 | 135 | -8.12 (-5.67%) |
| Oct 17, 2025 | 140 | -3.12 (-2.18%) |
| Nov 21, 2025 | 130 | -13.12 (-9.17%) |
| Dec 19, 2025 | 130 | -13.12 (-9.17%) |
| Jan 16, 2026 | 140 | -3.12 (-2.18%) |
| Mar 20, 2026 | 138 | -5.12 (-3.58%) |
| Dec 18, 2026 | 130 | -13.12 (-9.17%) |
| Jan 15, 2027 | 132 | -11.12 (-7.77%) |
| Dec 17, 2027 | 130 | -13.12 (-9.17%) |