SPDR Bloomberg High Yield... (JNK)
SPDR Bloomberg High Yield Bond ETF Max Pain By Strike
JNK trades at $97.52, pinned near the near-term max pain of $97 expiring Sep 19, 2025 (19 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($7-$97), reflecting growing call interest at higher strikes. Key magnetic zone at 97 where 3 expirations converge.
SPDR Bloomberg High Yield Bond ETF Max Pain By Expiry
Max pain for JNK shows an upward trend from 7 to 97, suggesting bullish positioning in longer-dated options. The 134% spread signals divergent expectations across timeframes. Most levels below 97.52 may cap rallies. Strong magnetic level at 97 (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 | 97 | -0.52 (-0.53%) |
| Oct 17, 2025 | 97 | -0.52 (-0.53%) |
| Dec 19, 2025 | 97 | -0.52 (-0.53%) |
| Jan 16, 2026 | 9 | -88.52 (-90.77%) |
| Mar 20, 2026 | 95 | -2.52 (-2.58%) |
| Apr 17, 2026 | 7 | -90.52 (-92.82%) |