Dow Inc. (DOW)
Dow Max Pain By Strike
DOW trades at $23.7, 5.3% above the near-term max pain of $22.5 expiring Aug 22, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($14-$40), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Dow Max Pain By Expiry
Max pain for DOW shows a downward trend from 40 to 14, indicating bearish sentiment or hedging activity. The 99% spread signals divergent expectations across timeframes. Levels distributed around 23.7. Strong magnetic level at 23 (5 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 |
|---|---|---|
| Aug 22, 2025 | 22.5 | -1.20 (-5.04%) |
| Aug 29, 2025 | 24 | 0.30 (1.29%) |
| Sep 5, 2025 | 22.5 | -1.20 (-5.04%) |
| Sep 12, 2025 | 23 | -0.70 (-2.93%) |
| Sep 19, 2025 | 27.5 | 3.80 (16.06%) |
| Sep 26, 2025 | 23 | -0.70 (-2.93%) |
| Oct 3, 2025 | 14 | -9.70 (-40.92%) |
| Oct 17, 2025 | 22.5 | -1.20 (-5.04%) |
| Nov 21, 2025 | 25 | 1.30 (5.51%) |
| Dec 19, 2025 | 27.5 | 3.80 (16.06%) |
| Jan 16, 2026 | 30 | 6.30 (26.61%) |
| Mar 20, 2026 | 27.5 | 3.80 (16.06%) |
| Jun 18, 2026 | 30 | 6.30 (26.61%) |
| Sep 18, 2026 | 30 | 6.30 (26.61%) |
| Dec 18, 2026 | 40 | 16.30 (68.81%) |
| Jan 15, 2027 | 30 | 6.30 (26.61%) |