AMEX: SCHA · Real-Time Price · USD
27.25
0.93 (3.53%)
At close: Aug 22, 2025, 3:59 PM
27.30
0.17%
After-hours: Aug 22, 2025, 07:26 PM EDT

Max Pain By Strike

SCHA trades at $27.25, 18.5% above the near-term max pain of $23 expiring Sep 19, 2025 (26 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($20-$23), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max Pain By Expiry

Max pain for SCHA shows a downward trend from 23 to 20, indicating bearish sentiment or hedging activity. The 14% spread signals divergent expectations across timeframes. Most levels below 27.25 may cap rallies. 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 23 -4.25 (-15.61%)
Oct 17, 2025 20 -7.25 (-26.62%)
Jan 16, 2026 20 -7.25 (-26.62%)
Apr 17, 2026 23 -4.25 (-15.61%)