Formula One Group (FWONA)
Formula One Max Pain By Strike
FWONA trades at $90.45, 80.9% above the near-term max pain of $50 expiring Sep 19, 2025 (28 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($50-$90), signaling increased put positioning or downside protection. Key magnetic zone at 90 where 2 expirations converge.
Formula One Max Pain By Expiry
Max pain for FWONA shows a downward trend from 90 to 50, indicating bearish sentiment or hedging activity. The 53% spread signals divergent expectations across timeframes. Most levels below 90.45 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 | 50 | -40.45 (-44.72%) |
| Oct 17, 2025 | 70 | -20.45 (-22.61%) |
| Jan 16, 2026 | 90 | -0.45 (-0.50%) |
| Apr 17, 2026 | 90 | -0.45 (-0.50%) |