(SPHQ)
Max Pain By Strike
SPHQ trades at $72.35, pinned near the near-term max pain of $72 expiring Sep 19, 2025 (23 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($69-$72), indicating stable market expectations. Key magnetic zone at 69 where 3 expirations converge.
Max Pain By Expiry
Max pain for SPHQ shows stable levels around 69.75, reflecting balanced market expectations. The 4% spread suggests strong consensus on fair value. Most levels below 72.35 may cap rallies. Strong magnetic level at 69 (3 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 |
|---|---|---|
| Sep 19, 2025 | 72 | -0.35 (-0.48%) |
| Oct 17, 2025 | 69 | -3.35 (-4.63%) |
| Jan 16, 2026 | 69 | -3.35 (-4.63%) |
| Apr 17, 2026 | 69 | -3.35 (-4.63%) |