KKR Real Estate Finance T... (KREF)

KREF trades at $9.23, 7.7% below the near-term max pain of $10 expiring Sep 19, 2025 (31 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is rising across expirations ($2.5-$10), reflecting growing call interest at higher strikes. Key magnetic zone at 10 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for KREF shows an upward trend from 2.5 to 10, suggesting bullish positioning in longer-dated options. The 92% spread signals divergent expectations across timeframes. Most levels above 9.23 could support dips. Strong magnetic level at 10 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.