(SDS)

SDS trades at $15.94, pinned near the near-term max pain of $16 expiring Sep 19, 2025 (30 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($15-$20), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SDS shows a downward trend from 20 to 15, indicating bearish sentiment or hedging activity. The 30% spread signals divergent expectations across timeframes. Levels distributed around 15.94. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.