Schwab 5-10 Year Corporat... (SCHI)
Schwab 5-10 Year Corporate Bond ETF Max Pain By Strike
SCHI trades at $22.81, 34.2% above the near-term max pain of $17 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($12-$17), reflecting growing call interest at higher strikes. Key magnetic zone at 12 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Schwab 5-10 Year Corporate Bond ETF Max Pain By Expiry
Max pain for SCHI shows an upward trend from 12 to 17, suggesting bullish positioning in longer-dated options. The 37% spread signals divergent expectations across timeframes. Most levels below 22.81 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 | 17 | -5.81 (-25.47%) |
| Oct 17, 2025 | 13 | -9.81 (-43.01%) |
| Dec 19, 2025 | 12 | -10.81 (-47.39%) |
| Mar 20, 2026 | 12 | -10.81 (-47.39%) |