Defiance Next Gen H2 ETF (HDRO)

HDRO trades at $25.92, 23.4% above the near-term max pain of $21 expiring Oct 17, 2025 (45 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($21-$500), indicating stable market expectations. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for HDRO shows stable levels around 260.50, reflecting balanced market expectations. The 184% spread signals divergent expectations across timeframes. Levels distributed around 25.92. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.