(SCHB)
Max Pain By Strike
SCHB trades at $24.8, 3.3% above the near-term max pain of $24 expiring Aug 15, 2025 (-1 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($17-$86.25), signaling increased put positioning or downside protection. Key magnetic zone at 24 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for SCHB shows a downward trend from 86.25 to 17, indicating bearish sentiment or hedging activity. The 215% spread signals divergent expectations across timeframes. Most levels below 24.8 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 |
|---|---|---|
| Aug 15, 2025 | 24 | -0.80 (-3.21%) |
| Sep 19, 2025 | 24 | -0.80 (-3.21%) |
| Oct 17, 2025 | 22 | -2.80 (-11.27%) |
| Jan 16, 2026 | 20 | -4.80 (-19.34%) |
| Apr 17, 2026 | 17 | -7.80 (-31.44%) |
| Jan 1, 2031 | 86.25 | 61.45 (247.85%) |