(SPXN)
Max Pain By Strike
SPXN trades at $69.16, 591.6% above the near-term max pain of $10 expiring Sep 19, 2025 (16 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($10-$65), 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 SPXN shows a downward trend from 65 to 10, indicating bearish sentiment or hedging activity. The 120% spread signals divergent expectations across timeframes. Most levels below 69.16 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 19, 2025 | 10 | -59.16 (-85.54%) |
| Oct 17, 2025 | 50 | -19.16 (-27.70%) |
| Jan 16, 2026 | 59 | -10.16 (-14.68%) |
| Apr 17, 2026 | 65 | -4.16 (-6.01%) |