Elm Market Navigator ETF (ELM) Max Pain Analysis

Max pain is the strike price where aggregate option buyer payout is minimized at expiration. It represents the price at which option writers retain the most premium.

Elm Market Navigator ETF (ELM) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $579.0M, listed on AMEX, employing roughly 257 people, carrying a beta of 0.49 to the broader market. The fund is an actively managed “fund of funds” that seeks to achieve its investment objective by investing in a dynamic portfolio of other unaffiliated registered investment companies, including mutual funds, index-based exchange-traded funds (“ETFs”), and actively managed ETFs, that provide exposure to equity markets and fixed income markets. Led by Paul T. McDermott, public since 2025-02-12.

Max pain analysis shows the strike price where the most options expire worthless. No recent options activity for ELM as of 2026-07-17; this typically reflects low options liquidity, a recently listed name, or a temporary data feed delay. Snapshot will refresh on the next active session.

Learn how max pain is reported and how to read the data →