(IXP)
Max Pain By Strike
IXP trades at $118.3, 10.6% above the near-term max pain of $107 expiring Sep 19, 2025 (32 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($95-$117), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for IXP shows an upward trend from 95 to 117, suggesting bullish positioning in longer-dated options. The 20% spread signals divergent expectations across timeframes. Most levels below 118.3 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 | 107 | -11.30 (-9.55%) |
| Oct 17, 2025 | 103 | -15.30 (-12.93%) |
| Jan 16, 2026 | 117 | -1.30 (-1.09%) |
| Apr 17, 2026 | 115 | -3.30 (-2.79%) |
| Dec 18, 2026 | 95 | -23.30 (-19.69%) |