SPDR MSCI EAFE Fossil Fue... (EFAX)
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Max Pain By Strike
EFAX trades at $50.29, 47.9% above the near-term max pain of $34 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($34-$350), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
SPDR MSCI EAFE Fossil Fuel Reserves Free ETF Max Pain By Expiry
Max pain for EFAX shows an upward trend from 34 to 350, suggesting bullish positioning in longer-dated options. The 329% spread signals divergent expectations across timeframes. Levels distributed around 50.29. 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 |
|---|---|---|
| Oct 17, 2025 | 34 | n/a (n/a) |
| Nov 21, 2025 | 44 | n/a (n/a) |
| Dec 19, 2025 | 350 | n/a (n/a) |
| Jan 16, 2026 | 41 | n/a (n/a) |
| Apr 17, 2026 | 43 | n/a (n/a) |
| Dec 18, 2026 | 65 | n/a (n/a) |