(SHYG)
Max Pain By Strike
SHYG trades at $42.97, pinned near the near-term max pain of $43 expiring Sep 19, 2025 (30 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($40-$300), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for SHYG shows a downward trend from 300 to 40, indicating bearish sentiment or hedging activity. The 280% spread signals divergent expectations across timeframes. Levels distributed around 42.97. 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 | 43 | 0.03 (0.08%) |
| Oct 17, 2025 | 40 | -2.97 (-6.90%) |
| Dec 19, 2025 | 42 | -0.97 (-2.25%) |
| Jan 16, 2026 | 300 | 257.03 (598.24%) |
| Mar 20, 2026 | 40 | -2.97 (-6.90%) |