Joint Stock Kaspi.kz (KSPI)
Joint Stock Kaspi.kz Max Pain By Strike
KSPI trades at $95.94, 12.9% above the near-term max pain of $85 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($55-$90), signaling increased put positioning or downside protection. Key magnetic zone at 90 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Joint Stock Kaspi.kz Max Pain By Expiry
Max pain for KSPI shows a downward trend from 90 to 55, indicating bearish sentiment or hedging activity. The 44% spread signals divergent expectations across timeframes. Most levels below 95.94 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 | 85 | -10.94 (-11.40%) |
| Sep 19, 2025 | 90 | -5.94 (-6.19%) |
| Oct 17, 2025 | 55 | -40.94 (-42.67%) |
| Dec 19, 2025 | 75 | -20.94 (-21.83%) |
| Mar 20, 2026 | 90 | -5.94 (-6.19%) |