Schwab U.S. Broad Market ... (SCHB)

SCHB trades at $25.95, 18.0% above the near-term max pain of $22 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($20-$86.25), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SCHB shows a downward trend from 86.25 to 20, indicating bearish sentiment or hedging activity. The 187% spread signals divergent expectations across timeframes. Most levels below 25.95 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.