(SPHD)
Max Pain By Strike
SPHD trades at $49.08, 2.2% above the near-term max pain of $48 expiring Sep 19, 2025 (16 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($9-$49), reflecting growing call interest at higher strikes. Key magnetic zone at 47 where 2 expirations converge.
Max Pain By Expiry
Max pain for SPHD shows an upward trend from 9 to 49, suggesting bullish positioning in longer-dated options. The 100% spread signals divergent expectations across timeframes. Most levels below 49.08 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 | 48 | -1.08 (-2.19%) |
| Oct 17, 2025 | 49 | -0.08 (-0.15%) |
| Dec 19, 2025 | 47 | -2.08 (-4.23%) |
| Jan 16, 2026 | 9 | -40.08 (-81.66%) |
| Mar 20, 2026 | 47 | -2.08 (-4.23%) |