Simplify US Equity PLUS D... (SPD)

SPD trades at $37.76, 14.4% above the near-term max pain of $33 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($26-$995), signaling increased put positioning or downside protection. Key magnetic zone at 33 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SPD shows a downward trend from 995 to 26, indicating bearish sentiment or hedging activity. The 433% spread signals divergent expectations across timeframes. Most levels below 37.76 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.