(SPHY)
Max Pain By Strike
SPHY trades at $23.7, pinned near the near-term max pain of $24 expiring Sep 19, 2025 (33 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($21-$95), signaling increased put positioning or downside protection. Key magnetic zone at 24 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for SPHY shows a downward trend from 95 to 21, indicating bearish sentiment or hedging activity. The 196% spread signals divergent expectations across timeframes. Most levels above 23.7 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 | 0.30 (1.27%) |
| Oct 17, 2025 | 24 | 0.30 (1.27%) |
| Jan 16, 2026 | 25 | 1.30 (5.49%) |
| Apr 17, 2026 | 21 | -2.70 (-11.39%) |
| Jun 18, 2026 | 95 | 71.30 (300.84%) |