(SDIV)
Max Pain By Strike
SDIV trades at $23.46, 2.0% above the near-term max pain of $23 expiring Sep 19, 2025 (33 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($13-$23), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 2 expirations converge.
Max Pain By Expiry
Max pain for SDIV shows a downward trend from 23 to 13, indicating bearish sentiment or hedging activity. The 49% spread signals divergent expectations across timeframes. Most levels below 23.46 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 | -0.46 (-1.98%) |
| Oct 17, 2025 | 13 | -10.46 (-44.60%) |
| Dec 19, 2025 | 22 | -1.46 (-6.24%) |
| Mar 20, 2026 | 23 | -0.46 (-1.98%) |