(SPXS)
Max Pain By Strike
SPXS trades at $4.2, 5.0% above the near-term max pain of $4 expiring Aug 29, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($0.5-$7), reflecting growing call interest at higher strikes. Key magnetic zone at 4 where 5 expirations converge.
Max Pain By Expiry
Max pain for SPXS shows an upward trend from 0.5 to 7, suggesting bullish positioning in longer-dated options. The 157% spread signals divergent expectations across timeframes. Levels distributed around 4.2. Strong magnetic level at 4 (5 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 |
|---|---|---|
| Aug 29, 2025 | 4 | -0.20 (-4.65%) |
| Sep 5, 2025 | 4 | -0.20 (-4.65%) |
| Sep 12, 2025 | 4.5 | 0.30 (7.27%) |
| Sep 19, 2025 | 4 | -0.20 (-4.65%) |
| Sep 26, 2025 | 4.5 | 0.30 (7.27%) |
| Oct 3, 2025 | 0.5 | -3.70 (-88.08%) |
| Oct 17, 2025 | 4 | -0.20 (-4.65%) |
| Jan 16, 2026 | 7 | 2.80 (66.87%) |
| Apr 17, 2026 | 4 | -0.20 (-4.65%) |
| Jan 15, 2027 | 5 | 0.80 (19.19%) |