Zhihu Inc. (ZH)
Zhihu Max Pain By Strike
ZH trades at $4.19, 16.2% below the near-term max pain of $5 expiring Aug 15, 2025 (-1 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($2.5-$95), signaling increased put positioning or downside protection. Key magnetic zone at 5 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Zhihu Max Pain By Expiry
Max pain for ZH shows a downward trend from 95 to 2.5, indicating bearish sentiment or hedging activity. The 472% spread signals divergent expectations across timeframes. Most levels above 4.19 could support dips. Strong magnetic level at 5 (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 | 5 | 0.81 (19.33%) |
| Sep 19, 2025 | 5 | 0.81 (19.33%) |
| Oct 17, 2025 | 2.5 | -1.69 (-40.33%) |
| Dec 19, 2025 | 5 | 0.81 (19.33%) |
| Jan 16, 2026 | 95 | 90.81 (2167.30%) |
| Mar 20, 2026 | 5 | 0.81 (19.33%) |