(SPXL)
Max Pain By Strike
SPXL trades at $192.55, 6.4% above the near-term max pain of $181 expiring Aug 22, 2025 (4 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($90-$470), indicating stable market expectations. Key magnetic zone at 185 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for SPXL shows stable levels around 192.59, reflecting balanced market expectations. The 197% spread signals divergent expectations across timeframes. Most levels below 192.55 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 22, 2025 | 181 | -11.55 (-6.00%) |
| Aug 29, 2025 | 183 | -9.55 (-4.96%) |
| Sep 5, 2025 | 185 | -7.55 (-3.92%) |
| Sep 12, 2025 | 172 | -20.55 (-10.67%) |
| Sep 19, 2025 | 185 | -7.55 (-3.92%) |
| Sep 26, 2025 | 187.5 | -5.05 (-2.62%) |
| Oct 17, 2025 | 155 | -37.55 (-19.50%) |
| Jan 16, 2026 | 132 | -60.55 (-31.45%) |
| Apr 17, 2026 | 178 | -14.55 (-7.56%) |
| Dec 18, 2026 | 470 | 277.45 (144.09%) |
| Jan 15, 2027 | 90 | -102.55 (-53.26%) |