Southern (SO)
Southern Max Pain By Strike
SO trades at $94.18, 4.6% above the near-term max pain of $90 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($65-$94), indicating stable market expectations. Key magnetic zone at 93 where 5 expirations converge.
Southern Max Pain By Expiry
Max pain for SO shows stable levels around 88.25, reflecting balanced market expectations. The 33% spread signals divergent expectations across timeframes. Most levels below 94.18 may cap rallies. Strong magnetic level at 93 (5 expirations). 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 | 90 | -4.18 (-4.44%) |
| Aug 22, 2025 | 94 | -0.18 (-0.19%) |
| Aug 29, 2025 | 93 | -1.18 (-1.25%) |
| Sep 5, 2025 | 94 | -0.18 (-0.19%) |
| Sep 12, 2025 | 93 | -1.18 (-1.25%) |
| Sep 19, 2025 | 90 | -4.18 (-4.44%) |
| Sep 26, 2025 | 93 | -1.18 (-1.25%) |
| Oct 17, 2025 | 65 | -29.18 (-30.98%) |
| Nov 21, 2025 | 92.5 | -1.68 (-1.78%) |
| Dec 19, 2025 | 92.5 | -1.68 (-1.78%) |
| Jan 16, 2026 | 85 | -9.18 (-9.75%) |
| Feb 20, 2026 | 90 | -4.18 (-4.44%) |
| Mar 20, 2026 | 90 | -4.18 (-4.44%) |
| Jun 18, 2026 | 85 | -9.18 (-9.75%) |
| Sep 18, 2026 | 85 | -9.18 (-9.75%) |
| Jan 15, 2027 | 80 | -14.18 (-15.06%) |