SPDR Portfolio Long Term ... (SPTL)
SPDR Portfolio Long Term Treasury ETF Max Pain By Strike
SPTL trades at $27.28, pinned near the near-term max pain of $27 expiring Oct 17, 2025 (4 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($24-$470), signaling increased put positioning or downside protection. Key magnetic zone at 27 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
SPDR Portfolio Long Term Treasury ETF Max Pain By Expiry
Max pain for SPTL shows a downward trend from 470 to 24, indicating bearish sentiment or hedging activity. The 385% spread signals divergent expectations across timeframes. Levels distributed around 27.28. 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 |
|---|---|---|
| Oct 17, 2025 | 27 | n/a (n/a) |
| Nov 21, 2025 | 27 | n/a (n/a) |
| Feb 20, 2026 | 31 | n/a (n/a) |
| May 15, 2026 | 24 | n/a (n/a) |
| Dec 18, 2026 | 470 | n/a (n/a) |