(SPIB)

SPIB trades at $33.63, 20.1% above the near-term max pain of $28 expiring Aug 15, 2025 (-1 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($25-$33), signaling increased put positioning or downside protection. Key magnetic zone at 28 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SPIB shows a downward trend from 33 to 25, indicating bearish sentiment or hedging activity. The 27% spread signals divergent expectations across timeframes. Most levels below 33.63 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.