iShares MSCI Brazil ETF (EWZ)

EWZ trades at $30.33, pinned near the near-term max pain of $30.5 expiring Oct 10, 2025 (4 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($16-$31), reflecting growing call interest at higher strikes. Key magnetic zone at 31 where 6 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for EWZ shows an upward trend from 16 to 31, suggesting bullish positioning in longer-dated options. The 54% spread signals divergent expectations across timeframes. Most levels below 30.33 may cap rallies. Strong magnetic level at 31 (6 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.