(SCHB)
Max Pain By Strike
SCHB trades at $24.93, 3.9% above the near-term max pain of $24 expiring Sep 19, 2025 (25 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($20-$86.25), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for SCHB shows a downward trend from 86.25 to 20, indicating bearish sentiment or hedging activity. The 187% spread signals divergent expectations across timeframes. Levels distributed around 24.93. 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 | 24 | -0.93 (-3.73%) |
| Oct 17, 2025 | 22 | -2.93 (-11.75%) |
| Jan 16, 2026 | 20 | -4.93 (-19.78%) |
| Apr 17, 2026 | 25 | 0.07 (0.28%) |
| Jan 1, 2031 | 86.25 | 61.32 (245.97%) |