SPDR S&P 600 Small Cap Va... (SLYV)
SPDR S&P 600 Small Cap Value ETF Max Pain By Strike
SLYV trades at $87.49, 21.5% above the near-term max pain of $72 expiring Sep 19, 2025 (24 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($50-$82), 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 Value ETF Max Pain By Expiry
Max pain for SLYV shows an upward trend from 50 to 82, suggesting bullish positioning in longer-dated options. The 44% spread signals divergent expectations across timeframes. Most levels below 87.49 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 | 72 | -15.49 (-17.70%) |
| Oct 17, 2025 | 81 | -6.49 (-7.42%) |
| Dec 19, 2025 | 82 | -5.49 (-6.28%) |
| Jan 16, 2026 | 50 | -37.49 (-42.85%) |
| Mar 20, 2026 | 77 | -10.49 (-11.99%) |
| Sep 18, 2026 | 70 | -17.49 (-19.99%) |