Spruce Biosciences Inc. (SPRB)
Spruce Biosciences Max Pain By Strike
SPRB trades at $8.75, 250.0% above the near-term max pain of $2.5 expiring Sep 19, 2025 (34 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$470), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Spruce Biosciences Max Pain By Expiry
Max pain for SPRB shows a downward trend from 470 to 2.5, indicating bearish sentiment or hedging activity. The 295% spread signals divergent expectations across timeframes. Levels distributed around 8.75. 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 | 2.5 | -6.25 (-71.43%) |
| Dec 19, 2025 | 2.5 | -6.25 (-71.43%) |
| Dec 18, 2026 | 470 | 461.25 (5271.43%) |