CBOE: SMOT · Real-Time Price · USD
35.62
-0.12 (-0.34%)
At close: Aug 15, 2025, 3:00 PM

Max Pain By Strike

SMOT trades at $35.62, 11.3% above the near-term max pain of $32 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($25-$33), 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 SMOT shows a downward trend from 33 to 25, indicating bearish sentiment or hedging activity. The 27% spread signals divergent expectations across timeframes. Most levels below 35.62 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 32 -3.62 (-10.15%)
Oct 17, 2025 25 -10.62 (-29.80%)
Jan 16, 2026 30 -5.62 (-15.77%)
Apr 17, 2026 33 -2.62 (-7.34%)