(TMF)
Max Pain By Strike
TMF trades at $42.19, 11.0% above the near-term max pain of $38 expiring Sep 12, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($25-$41.5), indicating stable market expectations. Key magnetic zone at 38 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for TMF shows stable levels around 36.95, reflecting balanced market expectations. The 45% spread signals divergent expectations across timeframes. Most levels below 42.19 may cap rallies. Strong magnetic level at 38 (4 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 |
|---|---|---|
| Sep 12, 2025 | 38 | -4.19 (-9.92%) |
| Sep 19, 2025 | 37.5 | -4.69 (-11.11%) |
| Sep 26, 2025 | 38 | -4.19 (-9.92%) |
| Oct 3, 2025 | 37.5 | -4.69 (-11.11%) |
| Oct 10, 2025 | 39 | -3.19 (-7.55%) |
| Oct 17, 2025 | 39 | -3.19 (-7.55%) |
| Oct 24, 2025 | 41.5 | -0.69 (-1.62%) |
| Nov 21, 2025 | 39 | -3.19 (-7.55%) |
| Jan 16, 2026 | 35 | -7.19 (-17.03%) |
| Feb 20, 2026 | 37 | -5.19 (-12.29%) |
| Jan 15, 2027 | 25 | -17.19 (-40.74%) |