(SPGM)
Max Pain By Strike
SPGM trades at $72, 9.1% above the near-term max pain of $66 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($52-$69), 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 SPGM shows a downward trend from 69 to 52, indicating bearish sentiment or hedging activity. The 27% spread signals divergent expectations across timeframes. Most levels below 72 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 | 66 | -6.00 (-8.33%) |
Oct 17, 2025 | 52 | -20.00 (-27.77%) |
Jan 16, 2026 | 63 | -9.00 (-12.49%) |
Apr 17, 2026 | 69 | -3.00 (-4.16%) |