(MUNI)
Max Pain By Strike
MUNI trades at $52.23, 2.4% above the near-term max pain of $51 expiring Sep 19, 2025 (6 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($48-$95), signaling increased put positioning or downside protection. Key magnetic zone at 48 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for MUNI shows a downward trend from 95 to 48, indicating bearish sentiment or hedging activity. The 80% spread signals divergent expectations across timeframes. Most levels below 52.23 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 | 51 | -1.23 (-2.35%) |
| Oct 17, 2025 | 48 | -4.23 (-8.10%) |
| Dec 19, 2025 | 48 | -4.23 (-8.10%) |
| Jan 16, 2026 | 95 | 42.77 (81.89%) |
| Mar 20, 2026 | 50 | -2.23 (-4.27%) |