(PEJ)
Max Pain By Strike
PEJ trades at $59.35, 18.7% above the near-term max pain of $50 expiring Sep 19, 2025 (21 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($50-$61), signaling increased put positioning or downside protection.
Max Pain By Expiry
Max pain for PEJ shows a downward trend from 61 to 50, indicating bearish sentiment or hedging activity. The 20% spread signals divergent expectations across timeframes. Most levels below 59.35 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 | 50 | -9.35 (-15.76%) |
| Oct 17, 2025 | 53 | -6.35 (-10.71%) |
| Dec 19, 2025 | 59 | -0.35 (-0.60%) |
| Mar 20, 2026 | 61 | 1.65 (2.77%) |