iShares Russell 2500 ETF (SMMD)

SMMD trades at $74.59, 14.8% above the near-term max pain of $65 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($54-$990), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SMMD shows a downward trend from 990 to 54, indicating bearish sentiment or hedging activity. The 377% spread signals divergent expectations across timeframes. Most levels below 74.59 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.