(ICLN)
Max Pain By Strike
ICLN trades at $14.67, 46.7% above the near-term max pain of $10 expiring Aug 29, 2025 (6 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($4-$14), signaling increased put positioning or downside protection. Key magnetic zone at 14 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for ICLN shows a downward trend from 14 to 4, indicating bearish sentiment or hedging activity. The 93% spread signals divergent expectations across timeframes. Most levels below 14.67 may cap rallies. Strong magnetic level at 14 (4 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 29, 2025 | 10 | -4.67 (-31.83%) |
| Sep 5, 2025 | 14 | -0.67 (-4.57%) |
| Sep 12, 2025 | 6 | -8.67 (-59.10%) |
| Sep 19, 2025 | 14 | -0.67 (-4.57%) |
| Sep 26, 2025 | 14 | -0.67 (-4.57%) |
| Oct 3, 2025 | 6 | -8.67 (-59.10%) |
| Oct 17, 2025 | 12 | -2.67 (-18.20%) |
| Jan 16, 2026 | 14 | -0.67 (-4.57%) |
| Apr 17, 2026 | 4 | -10.67 (-72.73%) |
| Jan 15, 2027 | 13 | -1.67 (-11.38%) |