CBOE: SMB · Real-Time Price · USD
17.34
0.01 (0.06%)
At close: Aug 22, 2025, 3:00 PM

Max Pain By Strike

SMB trades at $17.34, 23.9% above the near-term max pain of $14 expiring Sep 19, 2025 (28 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($14-$14), indicating stable market expectations. Key magnetic zone at 14 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max Pain By Expiry

Max pain for SMB shows stable levels around 14.00, reflecting balanced market expectations. The 0% spread suggests strong consensus on fair value. Most levels below 17.34 may cap rallies. Strong magnetic level at 14 (4 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 19, 2025 14 -3.34 (-19.29%)
Oct 17, 2025 14 -3.34 (-19.29%)
Jan 16, 2026 14 -3.34 (-19.29%)
Apr 17, 2026 14 -3.34 (-19.29%)