(SPIP)
Max Pain By Strike
SPIP trades at $26.45, 26.0% above the near-term max pain of $21 expiring Sep 19, 2025 (7 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($21-$660), signaling increased put positioning or downside protection. Key magnetic zone at 21 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for SPIP shows a downward trend from 660 to 21, indicating bearish sentiment or hedging activity. The 424% spread signals divergent expectations across timeframes. Most levels below 26.45 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 | 21 | -5.45 (-20.62%) |
| Oct 17, 2025 | 21 | -5.45 (-20.62%) |
| Nov 21, 2025 | 25 | -1.45 (-5.50%) |
| Jan 16, 2026 | 660 | 633.54 (2394.80%) |
| Feb 20, 2026 | 26 | -0.45 (-1.72%) |