(FBND)
Max Pain By Strike
FBND trades at $45.85, 14.6% above the near-term max pain of $40 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($40-$6284.9), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for FBND shows a downward trend from 6284.9 to 40, indicating bearish sentiment or hedging activity. The 484% spread signals divergent expectations across timeframes. Most levels below 45.85 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 | 40 | -5.85 (-12.76%) |
| Oct 17, 2025 | 44 | -1.85 (-4.03%) |
| Jan 16, 2026 | 40 | -5.85 (-12.76%) |
| Apr 17, 2026 | 41 | -4.85 (-10.58%) |
| Jan 23, 2064 | 6284.9 | 6239.05 (13607.52%) |