(SCHI)
Max Pain By Strike
SCHI trades at $23.14, 36.1% above the near-term max pain of $17 expiring Sep 19, 2025 (7 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($13-$22), signaling increased put positioning or downside protection. Key magnetic zone at 22 where 2 expirations converge.
Max Pain By Expiry
Max pain for SCHI shows a downward trend from 22 to 13, indicating bearish sentiment or hedging activity. The 49% spread signals divergent expectations across timeframes. Most levels below 23.14 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 | 17 | -6.14 (-26.55%) |
| Oct 17, 2025 | 13 | -10.14 (-43.83%) |
| Dec 19, 2025 | 22 | -1.14 (-4.95%) |
| Mar 20, 2026 | 22 | -1.14 (-4.95%) |