(SPDN)

SPDN trades at $9.99, 11.0% above the near-term max pain of $9 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($7-$11), reflecting growing call interest at higher strikes. Key magnetic zone at 7 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SPDN shows an upward trend from 7 to 11, suggesting bullish positioning in longer-dated options. The 47% spread signals divergent expectations across timeframes. Most levels below 9.99 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.