(SPSM)
Max Pain By Strike
SPSM trades at $44.59, 6.2% above the near-term max pain of $42 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($30-$660), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for SPSM shows a downward trend from 660 to 30, indicating bearish sentiment or hedging activity. The 448% spread signals divergent expectations across timeframes. Most levels below 44.59 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 |
|---|---|---|
| Aug 15, 2025 | 42 | -2.59 (-5.80%) |
| Sep 19, 2025 | 41 | -3.59 (-8.04%) |
| Oct 17, 2025 | 34 | -10.59 (-23.74%) |
| Dec 19, 2025 | 36 | -8.59 (-19.26%) |
| Jan 16, 2026 | 660 | 615.41 (1380.32%) |
| Mar 20, 2026 | 30 | -14.59 (-32.71%) |