(ICLN)
Max Pain By Strike
ICLN trades at $14.09, 181.8% above the near-term max pain of $5 expiring Aug 22, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($4-$14), signaling increased put positioning or downside protection. Key magnetic zone at 6 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for ICLN shows a downward trend from 14 to 4, indicating bearish sentiment or hedging activity. The 115% spread signals divergent expectations across timeframes. Most levels below 14.09 may cap rallies. Strong magnetic level at 6 (3 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 |
---|---|---|
Aug 22, 2025 | 5 | -9.09 (-64.51%) |
Aug 29, 2025 | 10 | -4.09 (-29.03%) |
Sep 5, 2025 | 6 | -8.09 (-57.42%) |
Sep 12, 2025 | 6 | -8.09 (-57.42%) |
Sep 19, 2025 | 13 | -1.09 (-7.74%) |
Sep 26, 2025 | 6 | -8.09 (-57.42%) |
Oct 17, 2025 | 11 | -3.09 (-21.93%) |
Jan 16, 2026 | 14 | -0.09 (-0.64%) |
Apr 17, 2026 | 4 | -10.09 (-71.61%) |
Jan 15, 2027 | 12 | -2.09 (-14.83%) |