Suburban Propane Partners... (SPH)
Suburban Propane Partners L.P. Max Pain By Strike
SPH trades at $18.46, 7.7% below the near-term max pain of $20 expiring Aug 15, 2025 (-1 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($2.5-$20), signaling increased put positioning or downside protection. Key magnetic zone at 18 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Suburban Propane Partners L.P. Max Pain By Expiry
Max pain for SPH shows a downward trend from 20 to 2.5, indicating bearish sentiment or hedging activity. The 124% spread signals divergent expectations across timeframes. Levels distributed around 18.46. 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 |
|---|---|---|
| Aug 15, 2025 | 20 | 1.54 (8.31%) |
| Sep 19, 2025 | 17.5 | -0.96 (-5.23%) |
| Oct 17, 2025 | 2.5 | -15.96 (-86.46%) |
| Nov 21, 2025 | 17.5 | -0.96 (-5.23%) |
| Jan 16, 2026 | 7 | -11.46 (-62.09%) |
| Feb 20, 2026 | 20 | 1.54 (8.31%) |