(SILJ)
Max Pain By Strike
SILJ trades at $19.73, 19.6% above the near-term max pain of $16.5 expiring Sep 12, 2025 (2 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($6-$19), signaling increased put positioning or downside protection. Key magnetic zone at 16 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for SILJ shows a downward trend from 19 to 6, indicating bearish sentiment or hedging activity. The 91% spread signals divergent expectations across timeframes. Most levels below 19.73 may cap rallies. Strong magnetic level at 16 (3 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 |
|---|---|---|
| Sep 12, 2025 | 16.5 | -3.23 (-16.37%) |
| Sep 19, 2025 | 16 | -3.73 (-18.91%) |
| Sep 26, 2025 | 15.5 | -4.23 (-21.44%) |
| Oct 3, 2025 | 16 | -3.73 (-18.91%) |
| Oct 10, 2025 | 18.5 | -1.23 (-6.23%) |
| Oct 17, 2025 | 17 | -2.73 (-13.84%) |
| Oct 24, 2025 | 19 | -0.73 (-3.70%) |
| Nov 21, 2025 | 13 | -6.73 (-34.11%) |
| Jan 16, 2026 | 8 | -11.73 (-59.45%) |
| Feb 20, 2026 | 11 | -8.73 (-44.25%) |
| Jan 15, 2027 | 6 | -13.73 (-69.59%) |