SPDR Portfolio S&P 500 Gr... (SPYG)

SPYG trades at $104.81, 2.8% above the near-term max pain of $102 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($90-$470), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SPYG shows a downward trend from 470 to 90, indicating bearish sentiment or hedging activity. The 222% spread signals divergent expectations across timeframes. Most levels below 104.81 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.