ProShares - Ultra Semicon... (USD)
ProShares - Ultra Semiconductors Max Pain By Strike
USD trades at $86.78, 12.7% above the near-term max pain of $77 expiring Sep 19, 2025 (26 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($52-$85), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
ProShares - Ultra Semiconductors Max Pain By Expiry
Max pain for USD shows a downward trend from 85 to 52, indicating bearish sentiment or hedging activity. The 46% spread signals divergent expectations across timeframes. Most levels below 86.78 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 | 77 | -9.78 (-11.26%) |
| Oct 17, 2025 | 84 | -2.78 (-3.20%) |
| Nov 21, 2025 | 52 | -34.78 (-40.07%) |
| Jan 16, 2026 | 85 | -1.78 (-2.05%) |
| Feb 20, 2026 | 60 | -26.78 (-30.86%) |