Schwab U.S. Small-Cap ETF (SCHA)
Schwab U.S. Small-Cap ETF Max Pain By Strike
SCHA trades at $26.29, 14.3% above the near-term max pain of $23 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($20-$23), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Schwab U.S. Small-Cap ETF Max Pain By Expiry
Max pain for SCHA shows a downward trend from 23 to 20, indicating bearish sentiment or hedging activity. The 14% spread signals divergent expectations across timeframes. Most levels below 26.29 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 |
|---|---|---|
| Sep 19, 2025 | 23 | -3.29 (-12.50%) |
| Oct 17, 2025 | 20 | -6.29 (-23.91%) |
| Jan 16, 2026 | 20 | -6.29 (-23.91%) |
| Apr 17, 2026 | 23 | -3.29 (-12.50%) |