ProShares - UltraShort S&... (SDS)

SDS trades at $14.34, 2.4% above the near-term max pain of $14 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($13-$18), signaling increased put positioning or downside protection. Key magnetic zone at 14 where 3 expirations converge.

Max pain for SDS shows a downward trend from 18 to 13, indicating bearish sentiment or hedging activity. The 33% spread signals divergent expectations across timeframes. Levels distributed around 14.34. Strong magnetic level at 14 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.