(SPXL)
Max Pain By Strike
SPXL trades at $198.85, 5.2% above the near-term max pain of $189 expiring Sep 12, 2025 (1 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($95-$470), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for SPXL shows an upward trend from 95 to 470, suggesting bullish positioning in longer-dated options. The 190% spread signals divergent expectations across timeframes. Most levels below 198.85 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 |
|---|---|---|
| Sep 12, 2025 | 189 | -9.85 (-4.95%) |
| Sep 19, 2025 | 186 | -12.85 (-6.46%) |
| Sep 26, 2025 | 191 | -7.85 (-3.95%) |
| Oct 3, 2025 | 187.5 | -11.35 (-5.71%) |
| Oct 10, 2025 | 175 | -23.85 (-11.99%) |
| Oct 17, 2025 | 160 | -38.85 (-19.54%) |
| Oct 24, 2025 | 195 | -3.85 (-1.94%) |
| Jan 16, 2026 | 137 | -61.85 (-31.10%) |
| Apr 17, 2026 | 180 | -18.85 (-9.48%) |
| Dec 18, 2026 | 470 | 271.15 (136.36%) |
| Jan 15, 2027 | 95 | -103.85 (-52.23%) |