(ITB)
Max Pain By Strike
ITB trades at $112.85, 2.6% above the near-term max pain of $110 expiring Aug 29, 2025 (4 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($91.5-$110), indicating stable market expectations. Key magnetic zone at 106 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for ITB shows stable levels around 103.78, reflecting balanced market expectations. The 18% spread signals divergent expectations across timeframes. Most levels below 112.85 may cap rallies. Strong magnetic level at 106 (3 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 | 110 | -2.85 (-2.53%) |
| Sep 5, 2025 | 106 | -6.85 (-6.07%) |
| Sep 12, 2025 | 109 | -3.85 (-3.41%) |
| Sep 19, 2025 | 109 | -3.85 (-3.41%) |
| Sep 26, 2025 | 106 | -6.85 (-6.07%) |
| Oct 3, 2025 | 106 | -6.85 (-6.07%) |
| Oct 17, 2025 | 98.01 | -14.84 (-13.15%) |
| Jan 16, 2026 | 99.01 | -13.84 (-12.26%) |
| Apr 17, 2026 | 107 | -5.85 (-5.18%) |
| Jun 18, 2026 | 91.5 | -21.35 (-18.92%) |
| Jan 15, 2027 | 100.01 | -12.84 (-11.38%) |