ZTO Express (Cayman) Inc. (ZTO)
ZTO Express (Cayman) Max Pain By Strike
ZTO trades at $20, 5.3% above the near-term max pain of $19 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($12-$95), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
ZTO Express (Cayman) Max Pain By Expiry
Max pain for ZTO shows a downward trend from 95 to 12, indicating bearish sentiment or hedging activity. The 277% spread signals divergent expectations across timeframes. Levels distributed around 20. 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 | 19 | -1.00 (-5.00%) |
| Sep 19, 2025 | 21 | 1.00 (5.00%) |
| Oct 17, 2025 | 18 | -2.00 (-10.00%) |
| Dec 19, 2025 | 20 | n/a (n/a) |
| Jan 16, 2026 | 30 | 10.00 (50.00%) |
| Apr 17, 2026 | 12 | -8.00 (-40.00%) |
| Dec 18, 2026 | 95 | 75.00 (375.00%) |
| Jan 15, 2027 | 25 | 5.00 (25.00%) |