(SCJ)

SCJ trades at $91.47, 12.9% above the near-term max pain of $81 expiring Sep 19, 2025 (27 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($67-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 93 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SCJ shows a downward trend from 97.5 to 67, indicating bearish sentiment or hedging activity. The 35% spread signals divergent expectations across timeframes. Levels distributed around 91.47. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.