Direxion Daily CSI China ... (CWEB)
Direxion Daily CSI China Internet Index Bull 2X Shares Max Pain By Strike
CWEB trades at $48.86, 16.3% above the near-term max pain of $42 expiring Sep 19, 2025 (25 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($40-$95), signaling increased put positioning or downside protection. Key magnetic zone at 41 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Direxion Daily CSI China Internet Index Bull 2X Shares Max Pain By Expiry
Max pain for CWEB shows a downward trend from 95 to 40, indicating bearish sentiment or hedging activity. The 106% spread signals divergent expectations across timeframes. Most levels below 48.86 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 | 42 | -6.86 (-14.04%) |
| Oct 17, 2025 | 41 | -7.86 (-16.09%) |
| Jan 16, 2026 | 41 | -7.86 (-16.09%) |
| Apr 17, 2026 | 40 | -8.86 (-18.13%) |
| Dec 18, 2026 | 95 | 46.14 (94.43%) |