FIDELITY ENHANCED INTERNA... (FENI)

FENI trades at $35.85, 19.5% above the near-term max pain of $30 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($25-$30), signaling increased put positioning or downside protection. Key magnetic zone at 30 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FENI shows a downward trend from 30 to 25, indicating bearish sentiment or hedging activity. The 17% spread signals divergent expectations across timeframes. Most levels below 35.85 may cap rallies. Strong magnetic level at 30 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.