(SPYX)
Max Pain By Strike
SPYX trades at $52.97, 10.4% above the near-term max pain of $48 expiring Sep 19, 2025 (32 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($41-$9600), 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 SPYX shows a downward trend from 9600 to 41, indicating bearish sentiment or hedging activity. The 488% spread signals divergent expectations across timeframes. Most levels below 52.97 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 | 48 | -4.97 (-9.38%) |
| Oct 17, 2025 | 41 | -11.97 (-22.60%) |
| Jan 16, 2026 | 52 | -0.97 (-1.83%) |
| Apr 17, 2026 | 50 | -2.97 (-5.61%) |
| Dec 21, 2029 | 9600 | 9547.03 (18023.47%) |