ProShares - UltraShort S&... (SDS)
ProShares - UltraShort S&P500 Max Pain By Strike
SDS trades at $15.76, pinned near the near-term max pain of $16 expiring Sep 19, 2025 (30 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($15-$20), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 2 expirations converge.
ProShares - UltraShort S&P500 Max Pain By Expiry
Max pain for SDS shows a downward trend from 20 to 15, indicating bearish sentiment or hedging activity. The 30% spread signals divergent expectations across timeframes. Levels distributed around 15.76. 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 | 16 | 0.24 (1.52%) |
| Oct 17, 2025 | 15 | -0.76 (-4.82%) |
| Dec 19, 2025 | 15 | -0.76 (-4.82%) |
| Jan 16, 2026 | 20 | 4.24 (26.90%) |
| Mar 20, 2026 | 16 | 0.24 (1.52%) |
| Jan 15, 2027 | 18 | 2.24 (14.21%) |