Saratoga Investment Corp. (SAR)
Saratoga Investment Max Pain By Strike
SAR trades at $25.33, pinned near the near-term max pain of $25 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7-$55), signaling increased put positioning or downside protection. Key magnetic zone at 25 where 4 expirations converge.
Saratoga Investment Max Pain By Expiry
Max pain for SAR shows a downward trend from 55 to 7, indicating bearish sentiment or hedging activity. The 190% spread signals divergent expectations across timeframes. Most levels below 25.33 may cap rallies. Strong magnetic level at 25 (4 expirations). 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 |
|---|---|---|
| Aug 15, 2025 | 25 | -0.33 (-1.30%) |
| Sep 19, 2025 | 25 | -0.33 (-1.30%) |
| Oct 17, 2025 | 15 | -10.33 (-40.78%) |
| Nov 21, 2025 | 25 | -0.33 (-1.30%) |
| Dec 19, 2025 | 55 | 29.67 (117.13%) |
| Jan 16, 2026 | 7 | -18.33 (-72.36%) |
| Feb 20, 2026 | 25 | -0.33 (-1.30%) |