CBOE: SYLD · Real-Time Price · USD
69.66
2.34 (3.48%)
At close: Aug 22, 2025, 3:00 PM

Max Pain By Strike

SYLD trades at $69.66, 14.2% above the near-term max pain of $61 expiring Sep 19, 2025 (26 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($60-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 61 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max Pain By Expiry

Max pain for SYLD shows a downward trend from 97.5 to 60, indicating bearish sentiment or hedging activity. The 55% spread signals divergent expectations across timeframes. Most levels below 69.66 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 61 -8.66 (-12.43%)
Oct 17, 2025 64 -5.66 (-8.13%)
Nov 21, 2025 61 -8.66 (-12.43%)
Jan 16, 2026 97.5 27.84 (39.97%)
Feb 20, 2026 60 -9.66 (-13.87%)