(TDIV)
Max Pain By Strike
TDIV trades at $97.08, 3.3% above the near-term max pain of $94 expiring Sep 19, 2025 (6 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($70-$980), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for TDIV shows a downward trend from 980 to 70, indicating bearish sentiment or hedging activity. The 300% spread signals divergent expectations across timeframes. Levels distributed around 97.08. 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 | 94 | -3.08 (-3.17%) |
| Oct 17, 2025 | 80 | -17.08 (-17.59%) |
| Nov 21, 2025 | 75 | -22.08 (-22.74%) |
| Dec 19, 2025 | 980 | 882.92 (909.48%) |
| Jan 16, 2026 | 520 | 422.92 (435.64%) |
| Feb 20, 2026 | 70 | -27.08 (-27.89%) |