(MJ)
Max Pain By Strike
MJ trades at $30.24, 44.0% above the near-term max pain of $21 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($20-$21), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for MJ shows a downward trend from 21 to 20, indicating bearish sentiment or hedging activity. The 5% spread suggests strong consensus on fair value. Most levels below 30.24 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 |
|---|---|---|
| Sep 19, 2025 | 21 | -9.24 (-30.54%) |
| Oct 17, 2025 | 20 | -10.24 (-33.85%) |
| Jan 16, 2026 | 20 | -10.24 (-33.85%) |
| Apr 17, 2026 | 21 | -9.24 (-30.54%) |