X-Square Municipal Income ETF (ZTAX) 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.
X-Square Municipal Income ETF (ZTAX) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $4.5M, listed on AMEX, carrying a beta of 0.20 to the broader market. Under normal market conditions, the fund invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes, if any) in tax-exempt municipal securities, the income from which is exempt from both federal and state income tax. public since 2023-05-19.
Max pain analysis shows the strike price where the most options expire worthless. No recent options activity for ZTAX as of 2026-06-02; this typically reflects low options liquidity, a recently listed name, or a temporary data feed delay. Snapshot will refresh on the next active session.