SPDR Portfolio Long Term ... (SPTL)
SPDR Portfolio Long Term Treasury ETF Max Pain By Strike
SPTL trades at $26.38, pinned near the near-term max pain of $26 expiring Sep 19, 2025 (21 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($16-$470), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
SPDR Portfolio Long Term Treasury ETF Max Pain By Expiry
Max pain for SPTL shows a downward trend from 470 to 16, indicating bearish sentiment or hedging activity. The 405% spread signals divergent expectations across timeframes. Most levels below 26.38 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 | 26 | -0.38 (-1.44%) |
| Oct 17, 2025 | 16 | -10.38 (-39.35%) |
| Nov 21, 2025 | 24 | -2.38 (-9.02%) |
| Feb 20, 2026 | 25 | -1.38 (-5.23%) |
| Dec 18, 2026 | 470 | 443.62 (1681.65%) |