Schwab U.S. Broad Market ... (SCHB)
Schwab U.S. Broad Market ETF Max Pain By Strike
SCHB trades at $24.59, pinned near the near-term max pain of $25 expiring Sep 19, 2025 (29 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($20-$86.25), signaling increased put positioning or downside protection. Key magnetic zone at 25 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Schwab U.S. Broad Market ETF Max Pain By Expiry
Max pain for SCHB shows a downward trend from 86.25 to 20, indicating bearish sentiment or hedging activity. The 186% spread signals divergent expectations across timeframes. Levels distributed around 24.59. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 25 | 0.41 (1.65%) |
| Oct 17, 2025 | 22 | -2.59 (-10.55%) |
| Jan 16, 2026 | 20 | -4.59 (-18.68%) |
| Apr 17, 2026 | 25 | 0.41 (1.65%) |
| Jan 1, 2031 | 86.25 | 61.66 (250.68%) |