Steel Dynamics Inc. (STLD)
Steel Dynamics Max Pain By Strike
STLD trades at $127.38, 2.0% below the near-term max pain of $130 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($70-$145), signaling increased put positioning or downside protection. Key magnetic zone at 125 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Steel Dynamics Max Pain By Expiry
Max pain for STLD shows a downward trend from 145 to 70, indicating bearish sentiment or hedging activity. The 62% spread signals divergent expectations across timeframes. Levels distributed around 127.38. Strong magnetic level at 125 (4 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 | 130 | 2.62 (2.06%) |
| Sep 19, 2025 | 125 | -2.38 (-1.87%) |
| Oct 17, 2025 | 70 | -57.38 (-45.05%) |
| Nov 21, 2025 | 130 | 2.62 (2.06%) |
| Jan 16, 2026 | 125 | -2.38 (-1.87%) |
| Feb 20, 2026 | 125 | -2.38 (-1.87%) |
| Mar 20, 2026 | 135 | 7.62 (5.98%) |
| May 15, 2026 | 145 | 17.62 (13.83%) |
| Jun 18, 2026 | 140 | 12.62 (9.91%) |
| Jul 17, 2026 | 125 | -2.38 (-1.87%) |
| Sep 18, 2026 | 120 | -7.38 (-5.79%) |
| Jan 15, 2027 | 95 | -32.38 (-25.42%) |
| Jun 17, 2027 | 100 | -27.38 (-21.49%) |