SPDR Portfolio Intermedia... (SPTI)
SPDR Portfolio Intermediate Term Treasury ETF Max Pain By Strike
SPTI trades at $28.8, pinned near the near-term max pain of $29 expiring Sep 19, 2025 (28 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($23-$75), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
SPDR Portfolio Intermediate Term Treasury ETF Max Pain By Expiry
Max pain for SPTI shows a downward trend from 75 to 23, indicating bearish sentiment or hedging activity. The 149% spread signals divergent expectations across timeframes. Levels distributed around 28.8. 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 | 29 | 0.20 (0.68%) |
| Oct 17, 2025 | 24 | -4.80 (-16.68%) |
| Nov 21, 2025 | 23 | -5.80 (-20.15%) |
| Jan 16, 2026 | 75 | 46.20 (160.37%) |
| Feb 20, 2026 | 23 | -5.80 (-20.15%) |