(TLT)
Max Pain By Strike
TLT trades at $86.6, pinned near the near-term max pain of $87 expiring Sep 3, 2025 (3 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($80-$92.5), indicating stable market expectations. Key magnetic zone at 87 where 11 expirations converge.
Max Pain By Expiry
Max pain for TLT shows stable levels around 86.76, reflecting balanced market expectations. The 14% spread signals divergent expectations across timeframes. Levels distributed around 86.6. Strong magnetic level at 87 (11 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 |
|---|---|---|
| Sep 3, 2025 | 87 | 0.40 (0.46%) |
| Sep 5, 2025 | 86.5 | -0.10 (-0.12%) |
| Sep 8, 2025 | 86 | -0.60 (-0.69%) |
| Sep 10, 2025 | 87 | 0.40 (0.46%) |
| Sep 12, 2025 | 85 | -1.60 (-1.85%) |
| Sep 19, 2025 | 87 | 0.40 (0.46%) |
| Sep 26, 2025 | 87 | 0.40 (0.46%) |
| Sep 30, 2025 | 91 | 4.40 (5.08%) |
| Oct 3, 2025 | 83 | -3.60 (-4.16%) |
| Oct 10, 2025 | 92.5 | 5.90 (6.81%) |
| Oct 17, 2025 | 87 | 0.40 (0.46%) |
| Nov 21, 2025 | 87 | 0.40 (0.46%) |
| Dec 19, 2025 | 87 | 0.40 (0.46%) |
| Dec 31, 2025 | 87 | 0.40 (0.46%) |
| Jan 16, 2026 | 90 | 3.40 (3.93%) |
| Feb 20, 2026 | 85 | -1.60 (-1.85%) |
| Mar 20, 2026 | 87 | 0.40 (0.46%) |
| Mar 31, 2026 | 87 | 0.40 (0.46%) |
| Apr 17, 2026 | 88 | 1.40 (1.62%) |
| May 15, 2026 | 80 | -6.60 (-7.62%) |
| Jun 18, 2026 | 86 | -0.60 (-0.69%) |
| Jun 30, 2026 | 84 | -2.60 (-3.00%) |
| Jul 17, 2026 | 88 | 1.40 (1.62%) |
| Aug 21, 2026 | 86 | -0.60 (-0.69%) |
| Jan 15, 2027 | 88 | 1.40 (1.62%) |