Merchants Bancorp (MBIN)

MBIN trades at $32.42, 8.1% above the near-term max pain of $30 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($17.5-$35), signaling increased put positioning or downside protection. Key magnetic zone at 35 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for MBIN shows a downward trend from 35 to 17.5, indicating bearish sentiment or hedging activity. The 60% spread signals divergent expectations across timeframes. Levels distributed around 32.42. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.