هذه الأداة للتحليل والتعليم فقط. لا تُقدّم توصيات دخول أو خروج من الصفقات.This tool is for analytics and education only. No trade entry or exit recommendations.

ENAR

SPX max pain today

SPX max pain is the strike where the total value of expiring SPX options would be smallest for holders. The table below lists the live max pain strike for each listed expiry alongside its distance from spot. It is a positioning reference derived from open interest, not a price forecast.

Live reading

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SPX reference: 7,760.43
Data date: —

No live reading right now. The figures return automatically once market data resumes — no estimated values are shown here.

Definitions

Max pain: The strike at which the aggregate intrinsic value of open SPX contracts is lowest at expiry.
Distance from spot: Max pain strike minus the current index reference price; positive means the level sits above spot.
Open interest: Contracts still open at a strike. Max pain is weighted by this, so it moves as positioning changes.

Frequently asked

Does SPX gravitate to max pain?

Not reliably. Max pain describes where open positioning sits, and it shifts as open interest changes through the session. Treat it as one reference level among gamma walls and volume nodes, never as a target.

How often does max pain update?

The figures here refresh from the options data source through the session, and the expiry list rolls forward as contracts settle.

Which expiries are shown?

The nearest listed SPX expiries, including the current 0DTE contract when one is trading.

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