(SMLV)

SMLV trades at $128.94, 8.4% above the near-term max pain of $119 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($105-$120), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SMLV shows a downward trend from 120 to 105, indicating bearish sentiment or hedging activity. The 13% spread signals divergent expectations across timeframes. Most levels below 128.94 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.