First Trust SMID Cap Risi... (SDVY)
First Trust SMID Cap Rising Dividend Achievers ETF Max Pain By Strike
SDVY trades at $38.15, 15.6% above the near-term max pain of $33 expiring Sep 19, 2025 (26 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($26-$36), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
First Trust SMID Cap Rising Dividend Achievers ETF Max Pain By Expiry
Max pain for SDVY shows a downward trend from 36 to 26, indicating bearish sentiment or hedging activity. The 32% spread signals divergent expectations across timeframes. Most levels below 38.15 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 | 33 | -5.15 (-13.50%) |
| Oct 17, 2025 | 26 | -12.15 (-31.85%) |
| Jan 16, 2026 | 31 | -7.15 (-18.74%) |
| Apr 17, 2026 | 36 | -2.15 (-5.64%) |