Smith & Nephew (SNN)
Smith & Nephew Max Pain By Strike
SNN trades at $36.28, 20.9% above the near-term max pain of $30 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($7-$30), reflecting growing call interest at higher strikes. Key magnetic zone at 30 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Smith & Nephew Max Pain By Expiry
Max pain for SNN shows an upward trend from 7 to 30, suggesting bullish positioning in longer-dated options. The 103% spread signals divergent expectations across timeframes. Most levels below 36.28 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 | 30 | -6.28 (-17.32%) |
| Oct 17, 2025 | 20 | -16.28 (-44.88%) |
| Dec 19, 2025 | 25 | -11.28 (-31.10%) |
| Jan 16, 2026 | 7 | -29.28 (-80.71%) |
| Mar 20, 2026 | 30 | -6.28 (-17.32%) |