SPDR S&P Global Natural R... (GNR)
SPDR S&P Global Natural Resources ETF Max Pain By Strike
GNR trades at $57.74, 5.0% above the near-term max pain of $55 expiring Sep 19, 2025 (25 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($50-$55), reflecting growing call interest at higher strikes. Key magnetic zone at 51 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
SPDR S&P Global Natural Resources ETF Max Pain By Expiry
Max pain for GNR shows an upward trend from 50 to 55, suggesting bullish positioning in longer-dated options. The 10% spread suggests strong consensus on fair value. Most levels below 57.74 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 | 55 | -2.74 (-4.75%) |
| Oct 17, 2025 | 51 | -6.74 (-11.67%) |
| Dec 19, 2025 | 51 | -6.74 (-11.67%) |
| Mar 20, 2026 | 50 | -7.74 (-13.40%) |