(SCHD)
Max Pain By Strike
SCHD trades at $27.34, pinned near the near-term max pain of $27 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($7.5-$27), indicating stable market expectations. Key magnetic zone at 27 where 8 expirations converge.
Max Pain By Expiry
Max pain for SCHD shows stable levels around 24.08, reflecting balanced market expectations. The 81% spread signals divergent expectations across timeframes. Most levels below 27.34 may cap rallies. Strong magnetic level at 27 (8 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 | 27 | -0.34 (-1.23%) |
| Aug 22, 2025 | 26.5 | -0.84 (-3.05%) |
| Aug 29, 2025 | 27 | -0.34 (-1.23%) |
| Sep 5, 2025 | 27 | -0.34 (-1.23%) |
| Sep 12, 2025 | 26.5 | -0.84 (-3.05%) |
| Sep 19, 2025 | 27 | -0.34 (-1.23%) |
| Sep 26, 2025 | 26.5 | -0.84 (-3.05%) |
| Oct 17, 2025 | 27 | -0.34 (-1.23%) |
| Jan 16, 2026 | 26 | -1.34 (-4.88%) |
| Apr 17, 2026 | 17 | -10.34 (-37.81%) |
| Jun 18, 2026 | 7.5 | -19.84 (-72.56%) |
| Jan 15, 2027 | 24 | -3.34 (-12.20%) |