Schwab U.S. REIT ETF (SCHH)
Schwab U.S. REIT ETF Max Pain By Strike
SCHH trades at $21.5, 2.4% above the near-term max pain of $21 expiring Sep 19, 2025 (22 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7-$95), signaling increased put positioning or downside protection. Key magnetic zone at 21 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Schwab U.S. REIT ETF Max Pain By Expiry
Max pain for SCHH shows a downward trend from 95 to 7, indicating bearish sentiment or hedging activity. The 298% spread signals divergent expectations across timeframes. Most levels below 21.5 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 | 21 | -0.50 (-2.30%) |
| Oct 17, 2025 | 20 | -1.50 (-6.96%) |
| Jan 16, 2026 | 21 | -0.50 (-2.30%) |
| Apr 17, 2026 | 13 | -8.50 (-39.52%) |
| Jun 18, 2026 | 95 | 73.50 (341.96%) |
| Aug 21, 2026 | 7 | -14.50 (-67.43%) |