(SPBO)

SPBO trades at $29.23, 21.8% above the near-term max pain of $24 expiring Sep 19, 2025 (32 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($24-$24), indicating stable market expectations. Key magnetic zone at 24 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SPBO shows stable levels around 24.00, reflecting balanced market expectations. The 0% spread suggests strong consensus on fair value. Most levels below 29.23 may cap rallies. Strong magnetic level at 24 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.