Direxion Daily S&P Biotec... (LABD)
Direxion Daily S&P Biotech Bear 3X Shares Max Pain By Strike
LABD trades at $5.56, pinned near the near-term max pain of $5.5 expiring Aug 29, 2025 (6 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($2-$12), signaling increased put positioning or downside protection. Key magnetic zone at 6 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Direxion Daily S&P Biotech Bear 3X Shares Max Pain By Expiry
Max pain for LABD shows a downward trend from 12 to 2, indicating bearish sentiment or hedging activity. The 150% spread signals divergent expectations across timeframes. Most levels above 5.56 could support dips. Strong magnetic level at 6 (5 expirations). 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 |
|---|---|---|
| Aug 29, 2025 | 5.5 | -0.06 (-1.08%) |
| Sep 5, 2025 | 6 | 0.44 (7.91%) |
| Sep 12, 2025 | 6 | 0.44 (7.91%) |
| Sep 19, 2025 | 7 | 1.44 (25.90%) |
| Sep 26, 2025 | 12 | 6.44 (115.83%) |
| Oct 3, 2025 | 2 | -3.56 (-64.03%) |
| Oct 17, 2025 | 6 | 0.44 (7.91%) |
| Dec 19, 2025 | 8 | 2.44 (43.88%) |
| Jan 16, 2026 | 7 | 1.44 (25.90%) |
| Mar 20, 2026 | 6 | 0.44 (7.91%) |
| Jan 15, 2027 | 8 | 2.44 (43.88%) |