SpartanNash (SPTN)
SpartanNash Max Pain By Strike
SPTN trades at $26.57, 6.3% above the near-term max pain of $25 expiring Sep 19, 2025 (29 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($20-$25), signaling increased put positioning or downside protection. Key magnetic zone at 25 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
SpartanNash Max Pain By Expiry
Max pain for SPTN shows a downward trend from 25 to 20, indicating bearish sentiment or hedging activity. The 22% spread signals divergent expectations across timeframes. Most levels below 26.57 may cap rallies. Strong magnetic level at 25 (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 | 25 | -1.57 (-5.91%) |
| Oct 17, 2025 | 20 | -6.57 (-24.73%) |
| Nov 21, 2025 | 20 | -6.57 (-24.73%) |
| Jan 16, 2026 | 25 | -1.57 (-5.91%) |
| Apr 17, 2026 | 25 | -1.57 (-5.91%) |