(ITA)
Max Pain By Strike
ITA trades at $194.3, pinned near the near-term max pain of $196 expiring Sep 19, 2025 (31 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($150-$196), 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 ITA shows a downward trend from 196 to 150, indicating bearish sentiment or hedging activity. The 27% spread signals divergent expectations across timeframes. Most levels below 194.3 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 | 196 | 1.70 (0.87%) |
| Oct 17, 2025 | 151 | -43.30 (-22.29%) |
| Dec 19, 2025 | 150 | -44.30 (-22.80%) |
| Jan 16, 2026 | 186 | -8.30 (-4.27%) |
| Apr 17, 2026 | 184 | -10.30 (-5.30%) |