(KSA)
Max Pain By Strike
KSA trades at $38.06, 2.4% below the near-term max pain of $39 expiring Sep 19, 2025 (24 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($32-$85), signaling increased put positioning or downside protection. Key magnetic zone at 35 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for KSA shows a downward trend from 85 to 32, indicating bearish sentiment or hedging activity. The 117% spread signals divergent expectations across timeframes. Levels distributed around 38.06. 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 | 39 | 0.94 (2.46%) |
| Oct 17, 2025 | 32 | -6.06 (-15.93%) |
| Dec 19, 2025 | 35 | -3.06 (-8.05%) |
| Jan 16, 2026 | 85 | 46.94 (123.30%) |
| Mar 20, 2026 | 35 | -3.06 (-8.05%) |