SPDR DoubleLine Total Ret... (TOTL)
SPDR DoubleLine Total Return Tactical ETF Max Pain By Strike
TOTL trades at $40.17, 14.8% above the near-term max pain of $35 expiring Sep 19, 2025 (24 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($35-$40), signaling increased put positioning or downside protection. Key magnetic zone at 35 where 2 expirations converge.
SPDR DoubleLine Total Return Tactical ETF Max Pain By Expiry
Max pain for TOTL shows a downward trend from 40 to 35, indicating bearish sentiment or hedging activity. The 13% spread signals divergent expectations across timeframes. Most levels below 40.17 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 | 35 | -5.17 (-12.87%) |
| Oct 17, 2025 | 35 | -5.17 (-12.87%) |
| Nov 21, 2025 | 40 | -0.17 (-0.42%) |
| Feb 20, 2026 | 40 | -0.17 (-0.42%) |