(HEFA)
Max Pain By Strike
HEFA trades at $38.74, 13.9% above the near-term max pain of $34 expiring Sep 19, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($30-$37), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for HEFA shows a downward trend from 37 to 30, indicating bearish sentiment or hedging activity. The 20% spread signals divergent expectations across timeframes. Most levels below 38.74 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 | 34 | -4.74 (-12.25%) |
| Oct 17, 2025 | 30 | -8.74 (-22.57%) |
| Jan 16, 2026 | 37 | -1.74 (-4.50%) |
| Apr 17, 2026 | 36 | -2.74 (-7.08%) |