(SPHQ)
Max Pain By Strike
SPHQ trades at $72.05, 2.9% above the near-term max pain of $70 expiring Aug 15, 2025 (-1 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($68-$71), indicating stable market expectations. Key magnetic zone at 69 where 2 expirations converge.
Max Pain By Expiry
Max pain for SPHQ shows stable levels around 69.40, reflecting balanced market expectations. The 4% spread suggests strong consensus on fair value. Most levels below 72.05 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 |
|---|---|---|
| Aug 15, 2025 | 70 | -2.05 (-2.84%) |
| Sep 19, 2025 | 68 | -4.05 (-5.61%) |
| Oct 17, 2025 | 69 | -3.05 (-4.23%) |
| Jan 16, 2026 | 69 | -3.05 (-4.23%) |
| Apr 17, 2026 | 71 | -1.05 (-1.45%) |