SPDR Portfolio S&P 1500 C... (SPTM)
SPDR Portfolio S&P 1500 Composite Stock Market ETF Max Pain By Strike
SPTM trades at $78.31, 4.4% above the near-term max pain of $75 expiring Sep 19, 2025 (27 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($45-$75), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
SPDR Portfolio S&P 1500 Composite Stock Market ETF Max Pain By Expiry
Max pain for SPTM shows an upward trend from 45 to 75, suggesting bullish positioning in longer-dated options. The 45% spread signals divergent expectations across timeframes. Most levels below 78.31 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 | 75 | -3.31 (-4.23%) |
| Oct 17, 2025 | 74 | -4.31 (-5.51%) |
| Dec 19, 2025 | 70 | -8.31 (-10.62%) |
| Mar 20, 2026 | 45 | -33.31 (-42.54%) |