Zhihu Inc. (ZH)
Zhihu Max Pain By Strike
ZH trades at $5.12, 2.4% above the near-term max pain of $5 expiring Sep 19, 2025 (30 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($2.5-$95), signaling increased put positioning or downside protection. Key magnetic zone at 5 where 3 expirations converge.
Zhihu Max Pain By Expiry
Max pain for ZH shows a downward trend from 95 to 2.5, indicating bearish sentiment or hedging activity. The 411% spread signals divergent expectations across timeframes. Most levels below 5.12 may cap rallies. Strong magnetic level at 5 (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 | 5 | -0.12 (-2.34%) |
| Oct 17, 2025 | 2.5 | -2.62 (-51.17%) |
| Dec 19, 2025 | 5 | -0.12 (-2.34%) |
| Jan 16, 2026 | 95 | 89.88 (1755.47%) |
| Mar 20, 2026 | 5 | -0.12 (-2.34%) |