Icahn Enterprises L.P. (IEP)
Icahn Enterprises L.P. Max Pain By Strike
IEP trades at $9.39, 6.1% below the near-term max pain of $10 expiring Aug 15, 2025 (0 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($2.5-$10), signaling increased put positioning or downside protection. Key magnetic zone at 10 where 6 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Icahn Enterprises L.P. Max Pain By Expiry
Max pain for IEP shows a downward trend from 10 to 2.5, indicating bearish sentiment or hedging activity. The 84% spread signals divergent expectations across timeframes. Most levels above 9.39 could support dips. Strong magnetic level at 10 (6 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 15, 2025 | 10 | 0.61 (6.46%) |
| Sep 19, 2025 | 10 | 0.61 (6.46%) |
| Oct 17, 2025 | 2.5 | -6.89 (-73.39%) |
| Dec 19, 2025 | 10 | 0.61 (6.46%) |
| Jan 16, 2026 | 10 | 0.61 (6.46%) |
| Mar 20, 2026 | 10 | 0.61 (6.46%) |
| Jan 15, 2027 | 10 | 0.61 (6.46%) |