Direxion Daily S&P 500 High Beta Bear 3X ETF (HIBS) 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.

Direxion Daily S&P 500 High Beta Bear 3X ETF (HIBS) operates in the Financial Services sector, specifically the Asset Management - Leveraged industry, with a market capitalization near $16.7M, listed on AMEX, carrying a beta of -4.16 to the broader market. The Daily S&P 500 High Beta Bull and Bear 3X ETFs seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the S&P 500 High Beta Index. public since 2019-11-07.

Snapshot as of May 15, 2026.

Spot Price
$27.20
Total OI
176

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