(UDN)
Max Pain By Strike
UDN trades at $18.75, 4.2% above the near-term max pain of $18 expiring Sep 19, 2025 (34 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($9-$19), reflecting growing call interest at higher strikes. Key magnetic zone at 9 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for UDN shows an upward trend from 9 to 19, suggesting bullish positioning in longer-dated options. The 73% spread signals divergent expectations across timeframes. Most levels below 18.75 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 | 18 | -0.75 (-4.03%) |
| Oct 17, 2025 | 9 | -9.75 (-52.01%) |
| Dec 19, 2025 | 17 | -1.75 (-9.36%) |
| Jan 16, 2026 | 18 | -0.75 (-4.03%) |
| Feb 20, 2026 | 10 | -8.75 (-46.68%) |
| Mar 20, 2026 | 9 | -9.75 (-52.01%) |
| Apr 17, 2026 | 10 | -8.75 (-46.68%) |
| May 15, 2026 | 19 | 0.25 (1.31%) |