Simon Property Group Inc. (SPG)

SPG trades at $182.24, 10.4% above the near-term max pain of $165 expiring Sep 19, 2025 (13 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($150-$175), signaling increased put positioning or downside protection. Key magnetic zone at 150 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SPG shows a downward trend from 175 to 150, indicating bearish sentiment or hedging activity. The 15% spread signals divergent expectations across timeframes. Most levels below 182.24 may cap rallies. Strong magnetic level at 150 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.