CBOE: OUSM · Real-Time Price · USD
44.26
-0.29 (-0.66%)
At close: Aug 15, 2025, 3:00 PM

Max Pain By Strike

OUSM trades at $44.26, 16.5% above the near-term max pain of $38 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($34-$39), signaling increased put positioning or downside protection. Key magnetic zone at 38 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max Pain By Expiry

Max pain for OUSM shows a downward trend from 39 to 34, indicating bearish sentiment or hedging activity. The 13% spread signals divergent expectations across timeframes. Most levels below 44.26 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 38 -6.26 (-14.14%)
Oct 17, 2025 34 -10.26 (-23.18%)
Jan 16, 2026 38 -6.26 (-14.14%)
Apr 17, 2026 39 -5.26 (-11.88%)