SPDR Portfolio S&P 1500 C... (SPTM)
SPDR Portfolio S&P 1500 Composite Stock Market ETF Max Pain By Strike
SPTM trades at $77.96, 3.9% above the near-term max pain of $75 expiring Sep 19, 2025 (25 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($45-$75), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
SPDR Portfolio S&P 1500 Composite Stock Market ETF Max Pain By Expiry
Max pain for SPTM shows an upward trend from 45 to 75, suggesting bullish positioning in longer-dated options. The 45% spread signals divergent expectations across timeframes. Most levels below 77.96 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 | 75 | -2.96 (-3.80%) |
| Oct 17, 2025 | 74 | -3.96 (-5.08%) |
| Dec 19, 2025 | 70 | -7.96 (-10.21%) |
| Mar 20, 2026 | 45 | -32.96 (-42.28%) |