Virtus InfraCap U.S. Pref... (PFFA)
Virtus InfraCap U.S. Preferred Stock ETF Max Pain By Strike
PFFA trades at $21.64, 3.0% above the near-term max pain of $21 expiring Sep 19, 2025 (30 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7.5-$40), signaling increased put positioning or downside protection. Key magnetic zone at 21 where 2 expirations converge.
Virtus InfraCap U.S. Preferred Stock ETF Max Pain By Expiry
Max pain for PFFA shows a downward trend from 40 to 7.5, indicating bearish sentiment or hedging activity. The 149% spread signals divergent expectations across timeframes. Levels distributed around 21.64. 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 | 21 | -0.64 (-2.97%) |
| Oct 17, 2025 | 19 | -2.64 (-12.21%) |
| Dec 19, 2025 | 21 | -0.64 (-2.97%) |
| Jan 16, 2026 | 7.5 | -14.14 (-65.35%) |
| Mar 20, 2026 | 22 | 0.36 (1.65%) |
| Jun 18, 2026 | 40 | 18.36 (84.82%) |