SPDR Portfolio Short Term... (SPTS)

SPTS trades at $29.3, 22.1% above the near-term max pain of $24 expiring Sep 19, 2025 (23 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($24-$95), signaling increased put positioning or downside protection. Key magnetic zone at 24 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SPTS shows a downward trend from 95 to 24, indicating bearish sentiment or hedging activity. The 186% spread signals divergent expectations across timeframes. Most levels below 29.3 may cap rallies. Strong magnetic level at 24 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.