(SPHB)
Max Pain By Strike
SPHB trades at $103.1, 3.1% above the near-term max pain of $100 expiring Sep 19, 2025 (34 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($9-$103), reflecting growing call interest at higher strikes.
Max Pain By Expiry
Max pain for SPHB shows an upward trend from 9 to 103, suggesting bullish positioning in longer-dated options. The 120% spread signals divergent expectations across timeframes. Most levels below 103.1 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 | 100 | -3.10 (-3.01%) |
| Oct 17, 2025 | 99 | -4.10 (-3.98%) |
| Dec 19, 2025 | 80 | -23.10 (-22.41%) |
| Jan 16, 2026 | 9 | -94.10 (-91.27%) |
| Mar 20, 2026 | 103 | -0.10 (-0.10%) |