ProShares - UltraPro Shor... (SPXU)
ProShares - UltraPro Short S&P500 Max Pain By Strike
SPXU trades at $15.4, 6.2% above the near-term max pain of $14.5 expiring Aug 22, 2025 (2 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($14-$20), indicating stable market expectations. Key magnetic zone at 15 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
ProShares - UltraPro Short S&P500 Max Pain By Expiry
Max pain for SPXU shows stable levels around 15.62, reflecting balanced market expectations. The 38% spread signals divergent expectations across timeframes. Levels distributed around 15.4. Strong magnetic level at 15 (5 expirations). 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 |
|---|---|---|
| Aug 22, 2025 | 14.5 | -0.90 (-5.84%) |
| Aug 29, 2025 | 14.5 | -0.90 (-5.84%) |
| Sep 5, 2025 | 15.5 | 0.10 (0.65%) |
| Sep 12, 2025 | 14 | -1.40 (-9.09%) |
| Sep 19, 2025 | 16 | 0.60 (3.90%) |
| Sep 26, 2025 | 14.5 | -0.90 (-5.84%) |
| Oct 17, 2025 | 14 | -1.40 (-9.09%) |
| Dec 19, 2025 | 16 | 0.60 (3.90%) |
| Jan 16, 2026 | 16 | 0.60 (3.90%) |
| Mar 20, 2026 | 15 | -0.40 (-2.60%) |
| Jan 15, 2027 | 18 | 2.60 (16.88%) |
| Apr 16, 2027 | 15 | -0.40 (-2.60%) |
| May 21, 2027 | 20 | 4.60 (29.87%) |