Merchants Bancorp (MBIN)

MBIN trades at $32.17, 8.1% below the near-term max pain of $35 expiring Oct 17, 2025 (11 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is rising across expirations ($30-$35), reflecting growing call interest at higher strikes. Key magnetic zone at 30 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for MBIN shows an upward trend from 30 to 35, suggesting bullish positioning in longer-dated options. The 15% spread signals divergent expectations across timeframes. Levels distributed around 32.17. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.