(SPIP)

SPIP trades at $26.02, 23.9% above the near-term max pain of $21 expiring Sep 19, 2025 (33 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 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 26.02 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.