(SPYD)
Max Pain By Strike
SPYD trades at $44.13, 5.1% above the near-term max pain of $42 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($8-$43), reflecting growing call interest at higher strikes. Key magnetic zone at 42 where 2 expirations converge.
Max Pain By Expiry
Max pain for SPYD shows an upward trend from 8 to 43, suggesting bullish positioning in longer-dated options. The 100% spread signals divergent expectations across timeframes. Most levels below 44.13 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 | 42 | -2.13 (-4.83%) |
| Oct 17, 2025 | 43 | -1.13 (-2.56%) |
| Dec 19, 2025 | 42 | -2.13 (-4.83%) |
| Jan 16, 2026 | 8 | -36.13 (-81.87%) |
| Mar 20, 2026 | 40 | -4.13 (-9.36%) |