(SPHY)
Max Pain By Strike
SPHY trades at $23.82, pinned near the near-term max pain of $24 expiring Sep 19, 2025 (10 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($23-$95), signaling increased put positioning or downside protection. Key magnetic zone at 25 where 2 expirations converge.
Max Pain By Expiry
Max pain for SPHY shows a downward trend from 95 to 23, indicating bearish sentiment or hedging activity. The 188% spread signals divergent expectations across timeframes. Most levels above 23.82 could support dips. 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 | 24 | 0.18 (0.78%) |
| Oct 17, 2025 | 23 | -0.82 (-3.42%) |
| Jan 16, 2026 | 25 | 1.18 (4.98%) |
| Apr 17, 2026 | 25 | 1.18 (4.98%) |
| Jun 18, 2026 | 95 | 71.19 (298.91%) |