SPDR SSGA Multi-Asset Rea... (RLY)
SPDR SSGA Multi-Asset Real Return ETF Max Pain By Strike
RLY trades at $31.09, 35.2% above the near-term max pain of $23 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($23-$30), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
SPDR SSGA Multi-Asset Real Return ETF Max Pain By Expiry
Max pain for RLY shows an upward trend from 23 to 30, suggesting bullish positioning in longer-dated options. The 27% spread signals divergent expectations across timeframes. Most levels below 31.09 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 |
|---|---|---|
| Oct 17, 2025 | 23 | n/a (n/a) |
| Nov 21, 2025 | 30 | n/a (n/a) |
| Jan 16, 2026 | 24 | n/a (n/a) |
| Apr 17, 2026 | 25 | n/a (n/a) |