(SH)
Max Pain By Strike
SH trades at $38.47, pinned near the near-term max pain of $39 expiring Sep 19, 2025 (33 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($28-$42), signaling increased put positioning or downside protection.
Max Pain By Expiry
Max pain for SH shows a downward trend from 42 to 28, indicating bearish sentiment or hedging activity. The 38% spread signals divergent expectations across timeframes. Levels distributed around 38.47. 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 | 39 | 0.53 (1.39%) |
| Oct 17, 2025 | 28 | -10.47 (-27.21%) |
| Nov 21, 2025 | 40 | 1.53 (3.99%) |
| Jan 16, 2026 | 42 | 3.53 (9.19%) |
| Feb 20, 2026 | 38 | -0.47 (-1.21%) |
| Jan 15, 2027 | 35 | -3.47 (-9.01%) |