SPDR S&P 500 Fossil Fuel ... (SPYX)

SPYX trades at $55.32, 20.3% above the near-term max pain of $46 expiring Oct 17, 2025 (10 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($46-$9600), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SPYX shows a downward trend from 9600 to 46, indicating bearish sentiment or hedging activity. The 488% spread signals divergent expectations across timeframes. Most levels below 55.32 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.