Kezar Life Sciences Inc. (KZR)
Kezar Life Sciences Max Pain By Strike
KZR trades at $3.97, 20.6% below the near-term max pain of $5 expiring Aug 15, 2025 (0 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($2.5-$55), signaling increased put positioning or downside protection. Key magnetic zone at 5 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Kezar Life Sciences Max Pain By Expiry
Max pain for KZR shows a downward trend from 55 to 2.5, indicating bearish sentiment or hedging activity. The 420% spread signals divergent expectations across timeframes. Levels distributed around 3.97. Strong magnetic level at 5 (3 expirations). 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 | 5 | 1.03 (25.94%) |
| Sep 19, 2025 | 2.5 | -1.47 (-37.03%) |
| Oct 17, 2025 | 5 | 1.03 (25.94%) |
| Dec 19, 2025 | 55 | 51.03 (1285.39%) |
| Jan 16, 2026 | 5 | 1.03 (25.94%) |
| Apr 17, 2026 | 2.5 | -1.47 (-37.03%) |