Horizon Kinetics SPAC Active ETF (SPAQ) Max Pain Analysis
Max pain is the strike price where aggregate option buyer payout is minimized at expiration. It represents the price at which option writers retain the most premium.
Horizon Kinetics SPAC Active ETF (SPAQ) operates in the Financial Services sector, specifically the Shell Companies industry, with a market capitalization near $9.9M, listed on NASDAQ, carrying a beta of 0.03 to the broader market. The Horizon Kinetics SPAC Active ETF seeks to generate realized capital gains on a risk-adjusted basis by investing in special purpose acquisition companies believed to generate net realized capital gains. Led by Geoffrey D. Strong, public since 2023-01-30.
Max pain analysis shows the strike price where the most options expire worthless. No recent options activity for SPAQ as of 2026-06-02; this typically reflects low options liquidity, a recently listed name, or a temporary data feed delay. Snapshot will refresh on the next active session.