(SPYX)
Max Pain By Strike
SPYX trades at $53.3, pinned near the near-term max pain of $53 expiring Sep 19, 2025 (22 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($41-$9600), 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 SPYX shows a downward trend from 9600 to 41, indicating bearish sentiment or hedging activity. The 488% spread signals divergent expectations across timeframes. Most levels below 53.3 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 | 53 | -0.30 (-0.57%) |
| Oct 17, 2025 | 41 | -12.30 (-23.08%) |
| Jan 16, 2026 | 52 | -1.30 (-2.45%) |
| Apr 17, 2026 | 49 | -4.30 (-8.08%) |
| Dec 21, 2029 | 9600 | 9546.69 (17909.57%) |