Leverage Shares 2X Long ON Daily ETF (ONG) 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.

Leverage Shares 2X Long ON Daily ETF (ONG) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $107,400, listed on CBOE, carrying a beta of 0.00 to the broader market. ONG is designed to make bullish bets on the stock price of ON Semiconductor Corporation (Nasdaq: ON) through derivatives investments such as swap agreements. public since 2026-06-02.

Max pain analysis shows the strike price where the most options expire worthless. No recent options activity for ONG 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 →