(GSPY)
Max Pain By Strike
GSPY trades at $36.11, 24.5% above the near-term max pain of $29 expiring Sep 19, 2025 (6 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($23-$30), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for GSPY shows a downward trend from 30 to 23, indicating bearish sentiment or hedging activity. The 26% spread signals divergent expectations across timeframes. Most levels below 36.11 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 |
|---|---|---|
| Sep 19, 2025 | 29 | -7.11 (-19.69%) |
| Oct 17, 2025 | 23 | -13.11 (-36.31%) |
| Jan 16, 2026 | 27 | -9.11 (-25.23%) |
| Apr 17, 2026 | 30 | -6.11 (-16.92%) |