(UDN)
Max Pain By Strike
UDN trades at $18.68, 3.8% above the near-term max pain of $18 expiring Sep 19, 2025 (17 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($9-$19), reflecting growing call interest at higher strikes. Key magnetic zone at 18 where 3 expirations converge.
Max Pain By Expiry
Max pain for UDN shows an upward trend from 9 to 19, suggesting bullish positioning in longer-dated options. The 67% spread signals divergent expectations across timeframes. Most levels below 18.68 may cap rallies. Strong magnetic level at 18 (3 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 19, 2025 | 18 | -0.68 (-3.61%) |
| Oct 17, 2025 | 19 | 0.32 (1.74%) |
| Dec 19, 2025 | 17 | -1.68 (-8.97%) |
| Jan 16, 2026 | 18 | -0.68 (-3.61%) |
| Feb 20, 2026 | 10 | -8.68 (-46.45%) |
| Mar 20, 2026 | 9 | -9.68 (-51.81%) |
| Apr 17, 2026 | 10 | -8.68 (-46.45%) |
| May 15, 2026 | 18 | -0.68 (-3.61%) |