(SMOG)
Max Pain By Strike
SMOG trades at $121.24, 15.5% above the near-term max pain of $105 expiring Sep 19, 2025 (26 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($86-$107), 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 SMOG shows a downward trend from 107 to 86, indicating bearish sentiment or hedging activity. The 21% spread signals divergent expectations across timeframes. Most levels below 121.24 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 | 105 | -16.24 (-13.39%) |
| Oct 17, 2025 | 86 | -35.24 (-29.07%) |
| Jan 16, 2026 | 102 | -19.24 (-15.87%) |
| Apr 17, 2026 | 107 | -14.24 (-11.75%) |