Direxion Daily S&P 500 Be... (SPDN)
Direxion Daily S&P 500 Bear 1X Shares Max Pain By Strike
SPDN trades at $10.12, 12.4% above the near-term max pain of $9 expiring Sep 19, 2025 (29 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($7-$11), reflecting growing call interest at higher strikes. Key magnetic zone at 7 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Direxion Daily S&P 500 Bear 1X Shares Max Pain By Expiry
Max pain for SPDN shows an upward trend from 7 to 11, suggesting bullish positioning in longer-dated options. The 47% spread signals divergent expectations across timeframes. Most levels below 10.12 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 |
|---|---|---|
| Sep 19, 2025 | 9 | -1.12 (-11.02%) |
| Oct 17, 2025 | 11 | 0.88 (8.75%) |
| Jan 16, 2026 | 7 | -3.12 (-30.80%) |
| Apr 17, 2026 | 7 | -3.12 (-30.80%) |