(KBWD)
Max Pain By Strike
KBWD trades at $13.98, 6.8% below the near-term max pain of $15 expiring Sep 19, 2025 (32 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($9-$95), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for KBWD shows a downward trend from 95 to 9, indicating bearish sentiment or hedging activity. The 295% spread signals divergent expectations across timeframes. Levels distributed around 13.98. 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 | 15 | 1.02 (7.26%) |
| Oct 17, 2025 | 9 | -4.98 (-35.65%) |
| Nov 21, 2025 | 14 | 0.02 (0.11%) |
| Feb 20, 2026 | 13 | -0.98 (-7.04%) |
| Dec 18, 2026 | 95 | 81.02 (579.30%) |