Churchill Downs (CHDN)
Churchill Downs Max Pain By Strike
CHDN trades at $103, pinned near the near-term max pain of $105 expiring Sep 19, 2025 (31 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($105-$110), indicating stable market expectations. Key magnetic zone at 105 where 3 expirations converge.
Churchill Downs Max Pain By Expiry
Max pain for CHDN shows stable levels around 106.25, reflecting balanced market expectations. The 5% spread suggests strong consensus on fair value. Most levels above 103 could support dips. Strong magnetic level at 105 (3 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 |
|---|---|---|
| Sep 19, 2025 | 105 | 2.00 (1.94%) |
| Oct 17, 2025 | 105 | 2.00 (1.94%) |
| Dec 19, 2025 | 110 | 7.00 (6.80%) |
| Mar 20, 2026 | 105 | 2.00 (1.94%) |