ProShares - Short VIX Sho... (SVXY)
ProShares - Short VIX Short-Term Futures ETF Max Pain By Strike
SVXY trades at $48.91, 6.3% above the near-term max pain of $46 expiring Aug 29, 2025 (4 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($40-$48), reflecting growing call interest at higher strikes. Key magnetic zone at 40 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
ProShares - Short VIX Short-Term Futures ETF Max Pain By Expiry
Max pain for SVXY shows an upward trend from 40 to 48, suggesting bullish positioning in longer-dated options. The 18% spread signals divergent expectations across timeframes. Most levels below 48.91 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 |
|---|---|---|
| Aug 29, 2025 | 46 | -2.91 (-5.96%) |
| Sep 19, 2025 | 47 | -1.91 (-3.91%) |
| Oct 17, 2025 | 48 | -0.91 (-1.87%) |
| Dec 19, 2025 | 42 | -6.91 (-14.14%) |
| Jan 16, 2026 | 40 | -8.91 (-18.23%) |
| Mar 20, 2026 | 45 | -3.91 (-8.00%) |
| Jan 15, 2027 | 40 | -8.91 (-18.23%) |