(SMMD)
Max Pain By Strike
SMMD trades at $70.57, 38.4% above the near-term max pain of $51 expiring Sep 19, 2025 (33 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($51-$990), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for SMMD shows a downward trend from 990 to 51, indicating bearish sentiment or hedging activity. The 384% spread signals divergent expectations across timeframes. Most levels below 70.57 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 | 51 | -19.57 (-27.73%) |
| Oct 17, 2025 | 65 | -5.57 (-7.89%) |
| Dec 19, 2025 | 54 | -16.57 (-23.48%) |
| Jan 16, 2026 | 990 | 919.43 (1302.86%) |
| Mar 20, 2026 | 64 | -6.57 (-9.31%) |