Spruce Biosciences Inc. (SPRB)

SPRB trades at $8.95, 258.0% above the near-term max pain of $2.5 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$470), signaling increased put positioning or downside protection. Key magnetic zone at 3 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SPRB shows a downward trend from 470 to 2.5, indicating bearish sentiment or hedging activity. The 295% spread signals divergent expectations across timeframes. Levels distributed around 8.95. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.