SM Energy (SM)
SM Energy Max Pain By Strike
SM trades at $25.85, 3.4% above the near-term max pain of $25 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($20-$35), reflecting growing call interest at higher strikes. Key magnetic zone at 25 where 3 expirations converge.
SM Energy Max Pain By Expiry
Max pain for SM shows an upward trend from 20 to 35, suggesting bullish positioning in longer-dated options. The 57% spread signals divergent expectations across timeframes. Levels distributed around 25.85. Strong magnetic level at 25 (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 |
|---|---|---|
| Oct 17, 2025 | 25 | n/a (n/a) |
| Nov 21, 2025 | 27.5 | n/a (n/a) |
| Dec 19, 2025 | 35 | n/a (n/a) |
| Feb 20, 2026 | 25 | n/a (n/a) |
| May 15, 2026 | 25 | n/a (n/a) |
| Dec 18, 2026 | 20 | n/a (n/a) |