(MUNI)
Max Pain By Strike
MUNI trades at $51.31, pinned near the near-term max pain of $51 expiring Sep 19, 2025 (33 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 3 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 81% spread signals divergent expectations across timeframes. Most levels below 51.31 may cap rallies. Strong magnetic level at 48 (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 |
|---|---|---|
| Sep 19, 2025 | 51 | -0.31 (-0.61%) |
| Oct 17, 2025 | 48 | -3.31 (-6.46%) |
| Dec 19, 2025 | 48 | -3.31 (-6.46%) |
| Jan 16, 2026 | 95 | 43.69 (85.14%) |
| Mar 20, 2026 | 48 | -3.31 (-6.46%) |