Smith & Nephew (SNN)
Smith & Nephew Max Pain By Strike
SNN trades at $36.23, 3.5% above the near-term max pain of $35 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($7-$35), reflecting growing call interest at higher strikes. Key magnetic zone at 30 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Smith & Nephew Max Pain By Expiry
Max pain for SNN shows an upward trend from 7 to 35, suggesting bullish positioning in longer-dated options. The 114% spread signals divergent expectations across timeframes. Most levels below 36.23 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 |
|---|---|---|
| Aug 15, 2025 | 35 | -1.23 (-3.38%) |
| Sep 19, 2025 | 30 | -6.23 (-17.18%) |
| Oct 17, 2025 | 20 | -16.23 (-44.79%) |
| Dec 19, 2025 | 25 | -11.23 (-30.99%) |
| Jan 16, 2026 | 7 | -29.23 (-80.68%) |
| Mar 20, 2026 | 30 | -6.23 (-17.18%) |