ProShares - S&P 500 High ... (ISPY)
ProShares - S&P 500 High Income ETF Max Pain By Strike
ISPY trades at $43.16, 5.3% above the near-term max pain of $41 expiring Sep 19, 2025 (29 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($34-$43), signaling increased put positioning or downside protection. Key magnetic zone at 43 where 2 expirations converge.
ProShares - S&P 500 High Income ETF Max Pain By Expiry
Max pain for ISPY shows a downward trend from 43 to 34, indicating bearish sentiment or hedging activity. The 22% spread signals divergent expectations across timeframes. Most levels below 43.16 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 | 41 | -2.16 (-5.00%) |
| Oct 17, 2025 | 34 | -9.16 (-21.22%) |
| Dec 19, 2025 | 43 | -0.16 (-0.37%) |
| Mar 20, 2026 | 43 | -0.16 (-0.37%) |