SPDR Portfolio S&P 500 Hi... (SPYD)

SPYD trades at $44.99, 7.1% above the near-term max pain of $42 expiring Sep 19, 2025 (18 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($8-$43), reflecting growing call interest at higher strikes. Key magnetic zone at 42 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SPYD shows an upward trend from 8 to 43, suggesting bullish positioning in longer-dated options. The 99% spread signals divergent expectations across timeframes. Most levels below 44.99 may cap rallies. Strong magnetic level at 42 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.