(SHYG)
Max Pain By Strike
SHYG trades at $43, 7.5% above the near-term max pain of $40 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($40-$300), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 2 expirations converge.
Max Pain By Expiry
Max pain for SHYG shows a downward trend from 300 to 40, indicating bearish sentiment or hedging activity. The 308% spread signals divergent expectations across timeframes. Levels distributed around 43. 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 | 40 | -3.00 (-6.98%) |
| Sep 19, 2025 | 43 | n/a (n/a) |
| Oct 17, 2025 | 41 | -2.00 (-4.65%) |
| Dec 19, 2025 | 42 | -1.00 (-2.33%) |
| Jan 16, 2026 | 300 | 257.00 (597.67%) |
| Mar 20, 2026 | 40 | -3.00 (-6.98%) |