(SPGM)
Max Pain By Strike
SPGM trades at $72.2, 9.4% above the near-term max pain of $66 expiring Sep 19, 2025 (20 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($52-$68), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for SPGM shows a downward trend from 68 to 52, indicating bearish sentiment or hedging activity. The 26% spread signals divergent expectations across timeframes. Most levels below 72.2 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 | 66 | -6.20 (-8.59%) |
| Oct 17, 2025 | 52 | -20.20 (-27.98%) |
| Jan 16, 2026 | 64 | -8.20 (-11.36%) |
| Apr 17, 2026 | 68 | -4.20 (-5.82%) |