SPDR S&P 600 Small Cap Gr... (SLYG)
SPDR S&P 600 Small Cap Growth ETF Max Pain By Strike
SLYG trades at $93.95, 10.5% above the near-term max pain of $85 expiring Sep 19, 2025 (20 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($70-$95), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
SPDR S&P 600 Small Cap Growth ETF Max Pain By Expiry
Max pain for SLYG shows an upward trend from 70 to 95, suggesting bullish positioning in longer-dated options. The 30% spread signals divergent expectations across timeframes. Most levels below 93.95 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 | 85 | -8.95 (-9.53%) |
| Oct 17, 2025 | 87 | -6.95 (-7.40%) |
| Nov 21, 2025 | 80 | -13.95 (-14.85%) |
| Jan 16, 2026 | 95 | 1.05 (1.12%) |
| Feb 20, 2026 | 82 | -11.95 (-12.72%) |
| Sep 18, 2026 | 70 | -23.95 (-25.49%) |