(TLT)
Max Pain By Strike
TLT trades at $86.39, pinned near the near-term max pain of $87 expiring Aug 15, 2025 (-1 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($75-$90), indicating stable market expectations. Key magnetic zone at 87 where 9 expirations converge.
Max Pain By Expiry
Max pain for TLT shows stable levels around 86.46, reflecting balanced market expectations. The 17% spread signals divergent expectations across timeframes. Most levels above 86.39 could support dips. Strong magnetic level at 87 (9 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 |
|---|---|---|
| Aug 15, 2025 | 87 | 0.61 (0.70%) |
| Aug 18, 2025 | 88 | 1.61 (1.86%) |
| Aug 20, 2025 | 88 | 1.61 (1.86%) |
| Aug 22, 2025 | 87.5 | 1.11 (1.28%) |
| Aug 25, 2025 | 87 | 0.61 (0.70%) |
| Aug 27, 2025 | 87 | 0.61 (0.70%) |
| Aug 29, 2025 | 88 | 1.61 (1.86%) |
| Sep 5, 2025 | 86 | -0.39 (-0.46%) |
| Sep 12, 2025 | 84.5 | -1.89 (-2.19%) |
| Sep 19, 2025 | 87 | 0.61 (0.70%) |
| Sep 26, 2025 | 86.5 | 0.11 (0.12%) |
| Sep 30, 2025 | 88 | 1.61 (1.86%) |
| Oct 17, 2025 | 87 | 0.61 (0.70%) |
| Nov 21, 2025 | 88 | 1.61 (1.86%) |
| Dec 19, 2025 | 87 | 0.61 (0.70%) |
| Dec 31, 2025 | 87 | 0.61 (0.70%) |
| Jan 16, 2026 | 90 | 3.61 (4.17%) |
| Feb 20, 2026 | 85 | -1.39 (-1.61%) |
| Mar 20, 2026 | 87 | 0.61 (0.70%) |
| Mar 31, 2026 | 90 | 3.61 (4.17%) |
| Apr 17, 2026 | 88 | 1.61 (1.86%) |
| May 15, 2026 | 80 | -6.39 (-7.40%) |
| Jun 18, 2026 | 86 | -0.39 (-0.46%) |
| Jun 30, 2026 | 84 | -2.39 (-2.77%) |
| Jul 17, 2026 | 88 | 1.61 (1.86%) |
| Aug 21, 2026 | 75 | -11.39 (-13.19%) |
| Jan 15, 2027 | 88 | 1.61 (1.86%) |