First Trust Dorsey Wright... (FV)

FV trades at $61.78, 40.4% above the near-term max pain of $44 expiring Sep 19, 2025 (21 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($44-$53), signaling increased put positioning or downside protection. Key magnetic zone at 44 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FV shows a downward trend from 53 to 44, indicating bearish sentiment or hedging activity. The 19% spread signals divergent expectations across timeframes. Most levels below 61.78 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.