(IBND)
Max Pain By Strike
IBND trades at $32.31, 15.4% above the near-term max pain of $28 expiring Sep 19, 2025 (9 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($28-$34), signaling increased put positioning or downside protection.
Max Pain By Expiry
Max pain for IBND shows a downward trend from 34 to 28, indicating bearish sentiment or hedging activity. The 19% spread signals divergent expectations across timeframes. Levels distributed around 32.31. 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 | 28 | -4.31 (-13.35%) |
| Oct 17, 2025 | 32 | -0.31 (-0.97%) |
| Jan 16, 2026 | 34 | 1.69 (5.22%) |
| Apr 17, 2026 | 33 | 0.69 (2.12%) |