(SCHZ)
Max Pain By Strike
SCHZ trades at $23.11, 28.4% above the near-term max pain of $18 expiring Sep 19, 2025 (29 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($18-$23), signaling increased put positioning or downside protection. Key magnetic zone at 18 where 2 expirations converge.
Max Pain By Expiry
Max pain for SCHZ shows a downward trend from 23 to 18, indicating bearish sentiment or hedging activity. The 25% spread signals divergent expectations across timeframes. Most levels below 23.11 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 | 18 | -5.11 (-22.13%) |
| Oct 17, 2025 | 18 | -5.11 (-22.13%) |
| Nov 21, 2025 | 22 | -1.11 (-4.82%) |
| Feb 20, 2026 | 23 | -0.11 (-0.50%) |