(CFA)
Max Pain By Strike
CFA trades at $90.33, pinned near the near-term max pain of $91 expiring Sep 19, 2025 (18 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($75-$95), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for CFA shows a downward trend from 95 to 75, indicating bearish sentiment or hedging activity. The 23% spread signals divergent expectations across timeframes. Levels distributed around 90.33. 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 | 91 | 0.67 (0.74%) |
| Oct 17, 2025 | 86 | -4.33 (-4.79%) |
| Dec 19, 2025 | 75 | -15.33 (-16.97%) |
| Jan 16, 2026 | 95 | 4.67 (5.17%) |
| Mar 20, 2026 | 85 | -5.33 (-5.90%) |