(SPTL)
Max Pain By Strike
SPTL trades at $26.23, pinned near the near-term max pain of $26 expiring Sep 19, 2025 (19 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($16-$470), 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 SPTL shows a downward trend from 470 to 16, indicating bearish sentiment or hedging activity. The 405% spread signals divergent expectations across timeframes. Most levels below 26.23 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 | 26 | -0.23 (-0.88%) |
| Oct 17, 2025 | 16 | -10.23 (-39.00%) |
| Nov 21, 2025 | 24 | -2.23 (-8.50%) |
| Feb 20, 2026 | 25 | -1.23 (-4.69%) |
| Dec 18, 2026 | 470 | 443.77 (1691.84%) |