(SMDV)
Max Pain By Strike
SMDV trades at $66.5, 9.0% above the near-term max pain of $61 expiring Sep 19, 2025 (32 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($61-$95), signaling increased put positioning or downside protection. Key magnetic zone at 61 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for SMDV shows a downward trend from 95 to 61, indicating bearish sentiment or hedging activity. The 50% spread signals divergent expectations across timeframes. Most levels below 66.5 may cap rallies. 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 | 61 | -5.50 (-8.28%) |
| Oct 17, 2025 | 64 | -2.50 (-3.77%) |
| Nov 21, 2025 | 62 | -4.50 (-6.77%) |
| Jan 16, 2026 | 95 | 28.50 (42.85%) |
| Feb 20, 2026 | 61 | -5.50 (-8.28%) |