SPDR S&P Bank ETF (KBE)
SPDR S&P Bank ETF Max Pain By Strike
KBE trades at $59.49, pinned near the near-term max pain of $60 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($50-$61), reflecting growing call interest at higher strikes. Key magnetic zone at 60 where 2 expirations converge.
SPDR S&P Bank ETF Max Pain By Expiry
Max pain for KBE shows an upward trend from 50 to 61, suggesting bullish positioning in longer-dated options. The 19% spread signals divergent expectations across timeframes. Levels distributed around 59.49. 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 | 60 | n/a (n/a) |
| Nov 21, 2025 | 61 | n/a (n/a) |
| Dec 19, 2025 | 56 | n/a (n/a) |
| Jan 16, 2026 | 55 | n/a (n/a) |
| Mar 20, 2026 | 60 | n/a (n/a) |
| Jun 18, 2026 | 53 | n/a (n/a) |
| Jan 15, 2027 | 57 | n/a (n/a) |
| Jan 21, 2028 | 50 | n/a (n/a) |