KKR Real Estate Finance T... (KREF)

KREF trades at $9.27, 23.6% above the near-term max pain of $7.5 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($2.5-$10), reflecting growing call interest at higher strikes. Key magnetic zone at 10 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for KREF shows an upward trend from 2.5 to 10, suggesting bullish positioning in longer-dated options. The 94% spread signals divergent expectations across timeframes. Levels distributed around 9.27. Strong magnetic level at 10 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.