(FREL)
Max Pain By Strike
FREL trades at $27.55, 31.2% above the near-term max pain of $21 expiring Sep 19, 2025 (15 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($7-$24), reflecting growing call interest at higher strikes. Key magnetic zone at 24 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for FREL shows an upward trend from 7 to 24, suggesting bullish positioning in longer-dated options. The 86% spread signals divergent expectations across timeframes. Most levels below 27.55 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 | 21 | -6.55 (-23.79%) |
| Oct 17, 2025 | 24 | -3.55 (-12.90%) |
| Dec 19, 2025 | 23 | -4.55 (-16.53%) |
| Jan 16, 2026 | 7 | -20.55 (-74.60%) |
| Mar 20, 2026 | 24 | -3.55 (-12.90%) |