iShares MSCI Brazil ETF (EWZ)
iShares MSCI Brazil ETF Max Pain By Strike
EWZ trades at $30.02, 7.2% above the near-term max pain of $28 expiring Sep 19, 2025 (6 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($18-$30), indicating stable market expectations. Key magnetic zone at 27 where 6 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
iShares MSCI Brazil ETF Max Pain By Expiry
Max pain for EWZ shows stable levels around 27.10, reflecting balanced market expectations. The 44% spread signals divergent expectations across timeframes. Most levels below 30.02 may cap rallies. Strong magnetic level at 27 (6 expirations). 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 | 28 | -2.02 (-6.71%) |
| Sep 26, 2025 | 29 | -1.02 (-3.38%) |
| Sep 30, 2025 | 27 | -3.02 (-10.04%) |
| Oct 3, 2025 | 27 | -3.02 (-10.04%) |
| Oct 10, 2025 | 29 | -1.02 (-3.38%) |
| Oct 17, 2025 | 27 | -3.02 (-10.04%) |
| Oct 24, 2025 | 29 | -1.02 (-3.38%) |
| Oct 31, 2025 | 18 | -12.02 (-40.03%) |
| Nov 21, 2025 | 27 | -3.02 (-10.04%) |
| Dec 19, 2025 | 30 | -0.02 (-0.05%) |
| Dec 31, 2025 | 25 | -5.02 (-16.71%) |
| Jan 16, 2026 | 28 | -2.02 (-6.71%) |
| Mar 20, 2026 | 29 | -1.02 (-3.38%) |
| Mar 31, 2026 | 26 | -4.02 (-13.38%) |
| Apr 17, 2026 | 24 | -6.02 (-20.04%) |
| Jun 18, 2026 | 28 | -2.02 (-6.71%) |
| Jun 30, 2026 | 27 | -3.02 (-10.04%) |
| Dec 18, 2026 | 27 | -3.02 (-10.04%) |
| Jan 15, 2027 | 30 | -0.02 (-0.05%) |
| Jul 16, 2027 | 28 | -2.02 (-6.71%) |
| Dec 17, 2027 | 26 | -4.02 (-13.38%) |