SPDR Portfolio Developed ... (SPDW)
SPDR Portfolio Developed World ex-US ETF Max Pain By Strike
SPDW trades at $41.81, pinned near the near-term max pain of $41 expiring Sep 19, 2025 (24 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($9-$41), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
SPDR Portfolio Developed World ex-US ETF Max Pain By Expiry
Max pain for SPDW shows an upward trend from 9 to 41, suggesting bullish positioning in longer-dated options. The 102% spread signals divergent expectations across timeframes. Most levels below 41.81 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 | 41 | -0.81 (-1.95%) |
| Oct 17, 2025 | 39 | -2.81 (-6.73%) |
| Nov 21, 2025 | 32 | -9.81 (-23.47%) |
| Jan 16, 2026 | 9 | -32.81 (-78.48%) |
| Feb 20, 2026 | 36 | -5.81 (-13.91%) |