Sleep Number Corporation (SNBR)
Sleep Number Max Pain By Strike
SNBR trades at $11.32, 13.2% above the near-term max pain of $10 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($5-$12.5), reflecting growing call interest at higher strikes. Key magnetic zone at 8 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Sleep Number Max Pain By Expiry
Max pain for SNBR shows an upward trend from 5 to 12.5, suggesting bullish positioning in longer-dated options. The 90% spread signals divergent expectations across timeframes. Most levels below 11.32 may cap rallies. Strong magnetic level at 8 (3 expirations). 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 | 10 | -1.32 (-11.70%) |
| Oct 17, 2025 | 12.5 | 1.18 (10.38%) |
| Dec 19, 2025 | 7.5 | -3.82 (-33.77%) |
| Jan 16, 2026 | 7.5 | -3.82 (-33.77%) |
| Mar 20, 2026 | 7.5 | -3.82 (-33.77%) |
| Jan 15, 2027 | 5 | -6.32 (-55.85%) |