(IPO)
Max Pain By Strike
IPO trades at $49.18, 14.4% above the near-term max pain of $43 expiring Sep 19, 2025 (22 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($30-$46), 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 IPO shows a downward trend from 46 to 30, indicating bearish sentiment or hedging activity. The 42% spread signals divergent expectations across timeframes. Most levels below 49.18 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 | 43 | -6.18 (-12.57%) |
| Oct 17, 2025 | 30 | -19.18 (-39.00%) |
| Dec 19, 2025 | 37.5 | -11.68 (-23.75%) |
| Jan 16, 2026 | 35 | -14.18 (-28.83%) |
| Apr 17, 2026 | 46 | -3.18 (-6.47%) |