(SMMD)

SMMD trades at $72.65, 42.5% above the near-term max pain of $51 expiring Sep 19, 2025 (27 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($51-$990), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SMMD shows a downward trend from 990 to 51, indicating bearish sentiment or hedging activity. The 384% spread signals divergent expectations across timeframes. Most levels below 72.65 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.