SPDR Portfolio S&P 500 ET... (SPLG)

SPLG trades at $75.92, 8.5% above the near-term max pain of $70 expiring Sep 19, 2025 (27 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($65-$76), reflecting growing call interest at higher strikes. Key magnetic zone at 70 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SPLG shows an upward trend from 65 to 76, suggesting bullish positioning in longer-dated options. The 16% spread signals divergent expectations across timeframes. Most levels below 75.92 may cap rallies. Strong magnetic level at 70 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.