First Trust North America... (EMLP)
First Trust North American Energy Infrastructure Fund Max Pain By Strike
EMLP trades at $38.09, 15.4% above the near-term max pain of $33 expiring Sep 19, 2025 (27 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($31-$760), signaling increased put positioning or downside protection. Key magnetic zone at 33 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
First Trust North American Energy Infrastructure Fund Max Pain By Expiry
Max pain for EMLP shows a downward trend from 760 to 31, indicating bearish sentiment or hedging activity. The 410% spread signals divergent expectations across timeframes. Most levels below 38.09 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 | 33 | -5.09 (-13.35%) |
| Oct 17, 2025 | 33 | -5.09 (-13.35%) |
| Dec 19, 2025 | 31 | -7.09 (-18.60%) |
| Jan 16, 2026 | 760 | 721.91 (1895.54%) |
| Mar 20, 2026 | 32 | -6.09 (-15.98%) |