(PEJ)
Max Pain By Strike
PEJ trades at $61.95, 16.9% above the near-term max pain of $53 expiring Sep 19, 2025 (6 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($53-$61), signaling increased put positioning or downside protection.
Max Pain By Expiry
Max pain for PEJ shows a downward trend from 61 to 53, indicating bearish sentiment or hedging activity. The 14% spread signals divergent expectations across timeframes. Most levels below 61.95 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 | 53 | -8.95 (-14.45%) |
| Oct 17, 2025 | 56 | -5.95 (-9.61%) |
| Dec 19, 2025 | 59 | -2.95 (-4.77%) |
| Mar 20, 2026 | 61 | -0.95 (-1.54%) |