ProShares - Ultra Russell... (UWM)
ProShares - Ultra Russell2000 Max Pain By Strike
UWM trades at $40.85, 7.5% above the near-term max pain of $38 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($25-$40), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
ProShares - Ultra Russell2000 Max Pain By Expiry
Max pain for UWM shows an upward trend from 25 to 40, suggesting bullish positioning in longer-dated options. The 43% spread signals divergent expectations across timeframes. Most levels below 40.85 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 | 38 | -2.85 (-6.99%) |
| Oct 17, 2025 | 40 | -0.85 (-2.09%) |
| Jan 16, 2026 | 36 | -4.85 (-11.88%) |
| Apr 17, 2026 | 25 | -15.85 (-38.81%) |