(JEPQ)
Max Pain By Strike
JEPQ trades at $55.78, 3.3% above the near-term max pain of $54 expiring Aug 15, 2025 (-1 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($44-$55), signaling increased put positioning or downside protection. Key magnetic zone at 52 where 2 expirations converge.
Max Pain By Expiry
Max pain for JEPQ shows a downward trend from 55 to 44, indicating bearish sentiment or hedging activity. The 21% spread signals divergent expectations across timeframes. Most levels below 55.78 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 |
|---|---|---|
| Aug 15, 2025 | 54 | -1.78 (-3.20%) |
| Sep 19, 2025 | 55 | -0.78 (-1.41%) |
| Oct 17, 2025 | 44 | -11.78 (-21.13%) |
| Nov 21, 2025 | 53 | -2.78 (-4.99%) |
| Jan 16, 2026 | 52 | -3.78 (-6.78%) |
| Feb 20, 2026 | 53 | -2.78 (-4.99%) |
| Jun 18, 2026 | 47 | -8.78 (-15.75%) |
| Jan 15, 2027 | 52 | -3.78 (-6.78%) |