ProShares - Ultra S&P500 (SSO)
ProShares - Ultra S&P500 Max Pain By Strike
SSO trades at $105.47, 3.4% above the near-term max pain of $102 expiring Aug 29, 2025 (5 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($54-$107), reflecting growing call interest at higher strikes. Key magnetic zone at 105 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
ProShares - Ultra S&P500 Max Pain By Expiry
Max pain for SSO shows an upward trend from 54 to 107, suggesting bullish positioning in longer-dated options. The 60% spread signals divergent expectations across timeframes. Most levels below 105.47 may cap rallies. 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 |
|---|---|---|
| Aug 29, 2025 | 102 | -3.47 (-3.29%) |
| Sep 5, 2025 | 107 | 1.53 (1.45%) |
| Sep 12, 2025 | 104.5 | -0.97 (-0.92%) |
| Sep 19, 2025 | 90 | -15.47 (-14.67%) |
| Sep 26, 2025 | 104.5 | -0.97 (-0.92%) |
| Oct 3, 2025 | 55 | -50.47 (-47.85%) |
| Oct 17, 2025 | 103 | -2.47 (-2.34%) |
| Dec 19, 2025 | 95 | -10.47 (-9.93%) |
| Jan 16, 2026 | 54 | -51.47 (-48.80%) |
| Mar 20, 2026 | 80 | -25.47 (-24.15%) |
| Jan 15, 2027 | 78 | -27.47 (-26.05%) |