(SPHQ)
Max Pain By Strike
SPHQ trades at $72.24, pinned near the near-term max pain of $71 expiring Sep 19, 2025 (10 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($68-$71), reflecting growing call interest at higher strikes. Key magnetic zone at 69 where 2 expirations converge.
Max Pain By Expiry
Max pain for SPHQ shows an upward trend from 68 to 71, suggesting bullish positioning in longer-dated options. The 4% spread suggests strong consensus on fair value. Most levels below 72.24 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 | 71 | -1.24 (-1.72%) |
| Oct 17, 2025 | 69 | -3.24 (-4.49%) |
| Jan 16, 2026 | 69 | -3.24 (-4.49%) |
| Apr 17, 2026 | 68 | -4.24 (-5.87%) |