CBOE: IFRA · Real-Time Price · USD
51.31
-0.41 (-0.79%)
At close: Aug 15, 2025, 3:00 PM

Max Pain By Strike

IFRA trades at $51.31, 14.0% above the near-term max pain of $45 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($45-$51), signaling increased put positioning or downside protection. Key magnetic zone at 45 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max Pain By Expiry

Max pain for IFRA shows a downward trend from 51 to 45, indicating bearish sentiment or hedging activity. The 13% spread signals divergent expectations across timeframes. Most levels below 51.31 may cap rallies. 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 45 -6.31 (-12.31%)
Oct 17, 2025 46 -5.31 (-10.36%)
Nov 21, 2025 45 -6.31 (-12.31%)
Feb 20, 2026 51 -0.31 (-0.61%)