(SPYD)
Max Pain By Strike
SPYD trades at $43.83, 4.4% above the near-term max pain of $42 expiring Sep 19, 2025 (33 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($8-$42), reflecting growing call interest at higher strikes. Key magnetic zone at 42 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for SPYD shows an upward trend from 8 to 42, suggesting bullish positioning in longer-dated options. The 100% spread signals divergent expectations across timeframes. Most levels below 43.83 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 | 42 | -1.83 (-4.18%) |
| Oct 17, 2025 | 38 | -5.83 (-13.30%) |
| Dec 19, 2025 | 42 | -1.83 (-4.18%) |
| Jan 16, 2026 | 8 | -35.83 (-81.75%) |
| Mar 20, 2026 | 40 | -3.83 (-8.74%) |