Independent Bank Corp. (INDB)
Independent Bank Max Pain By Strike
INDB trades at $71.69, 4.4% below the near-term max pain of $75 expiring Sep 19, 2025 (21 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($35-$75), signaling increased put positioning or downside protection. Key magnetic zone at 65 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Independent Bank Max Pain By Expiry
Max pain for INDB shows a downward trend from 75 to 35, indicating bearish sentiment or hedging activity. The 67% spread signals divergent expectations across timeframes. Most levels below 71.69 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 | 75 | 3.31 (4.62%) |
| Oct 17, 2025 | 35 | -36.69 (-51.18%) |
| Nov 21, 2025 | 65 | -6.69 (-9.33%) |
| Feb 20, 2026 | 65 | -6.69 (-9.33%) |