(STIP)
Max Pain By Strike
STIP trades at $103.14, 5.2% above the near-term max pain of $98 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($97-$103), reflecting growing call interest at higher strikes. Key magnetic zone at 98 where 2 expirations converge.
Max Pain By Expiry
Max pain for STIP shows an upward trend from 97 to 103, suggesting bullish positioning in longer-dated options. The 6% spread suggests strong consensus on fair value. Most levels below 103.14 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 | 98 | -5.14 (-4.98%) |
| Oct 17, 2025 | 98 | -5.14 (-4.98%) |
| Nov 21, 2025 | 103 | -0.14 (-0.14%) |
| Feb 20, 2026 | 97 | -6.14 (-5.95%) |