(PBW)
Max Pain By Strike
PBW trades at $24.79, 3.3% above the near-term max pain of $24 expiring Sep 19, 2025 (34 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($7-$24), reflecting growing call interest at higher strikes. 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 PBW shows an upward trend from 7 to 24, suggesting bullish positioning in longer-dated options. The 100% spread signals divergent expectations across timeframes. Most levels below 24.79 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 | 24 | -0.79 (-3.17%) |
| Oct 17, 2025 | 14 | -10.79 (-43.51%) |
| Dec 19, 2025 | 20 | -4.79 (-19.31%) |
| Jan 16, 2026 | 7 | -17.79 (-71.76%) |
| Mar 20, 2026 | 20 | -4.79 (-19.31%) |