Neos S&P 500(R) High Inco... (SPYI)
Neos S&P 500(R) High Income ETF Max Pain By Strike
SPYI trades at $50.92, 3.9% above the near-term max pain of $49 expiring Sep 19, 2025 (30 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7-$9600), signaling increased put positioning or downside protection. Key magnetic zone at 49 where 2 expirations converge.
Neos S&P 500(R) High Income ETF Max Pain By Expiry
Max pain for SPYI shows a downward trend from 9600 to 7, indicating bearish sentiment or hedging activity. The 587% spread signals divergent expectations across timeframes. Levels distributed around 50.92. 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 | 49 | -1.92 (-3.78%) |
| Oct 17, 2025 | 51 | 0.08 (0.15%) |
| Dec 19, 2025 | 49 | -1.92 (-3.78%) |
| Jan 16, 2026 | 7 | -43.92 (-86.25%) |
| Mar 20, 2026 | 50 | -0.92 (-1.82%) |
| Dec 21, 2029 | 9600 | 9549.08 (18751.25%) |