SPDR Portfolio Developed ... (SPDW)
SPDR Portfolio Developed World ex-US ETF Max Pain By Strike
SPDW trades at $41.73, pinned near the near-term max pain of $41 expiring Sep 19, 2025 (19 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($9-$41), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
SPDR Portfolio Developed World ex-US ETF Max Pain By Expiry
Max pain for SPDW shows an upward trend from 9 to 41, suggesting bullish positioning in longer-dated options. The 101% spread signals divergent expectations across timeframes. Most levels below 41.73 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 | -0.73 (-1.74%) |
| Oct 17, 2025 | 40 | -1.73 (-4.13%) |
| Nov 21, 2025 | 32 | -9.73 (-23.31%) |
| Jan 16, 2026 | 9 | -32.73 (-78.43%) |
| Feb 20, 2026 | 37 | -4.73 (-11.32%) |