(SPTL)
Max Pain By Strike
SPTL trades at $27, 3.8% above the near-term max pain of $26 expiring Sep 19, 2025 (7 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($24-$470), 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 SPTL shows a downward trend from 470 to 24, indicating bearish sentiment or hedging activity. The 390% spread signals divergent expectations across timeframes. Levels distributed around 27. 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 | 26 | -1.00 (-3.72%) |
| Oct 17, 2025 | 24 | -3.00 (-11.13%) |
| Nov 21, 2025 | 25 | -2.00 (-7.42%) |
| Feb 20, 2026 | 27 | -0.00 (-0.02%) |
| Dec 18, 2026 | 470 | 443.00 (1640.42%) |