iShares Gold Trust (IAU)
iShares Gold Trust Max Pain By Strike
IAU trades at $66.9, 3.7% above the near-term max pain of $64.5 expiring Sep 5, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($46-$65), indicating stable market expectations. Key magnetic zone at 65 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
iShares Gold Trust Max Pain By Expiry
Max pain for IAU shows stable levels around 60.67, reflecting balanced market expectations. The 31% spread signals divergent expectations across timeframes. Most levels below 66.9 may cap rallies. Strong magnetic level at 65 (4 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 5, 2025 | 64.5 | -2.40 (-3.59%) |
| Sep 12, 2025 | 63 | -3.90 (-5.83%) |
| Sep 19, 2025 | 63 | -3.90 (-5.83%) |
| Sep 26, 2025 | 63.5 | -3.40 (-5.08%) |
| Oct 3, 2025 | 64.5 | -2.40 (-3.59%) |
| Oct 10, 2025 | 65 | -1.90 (-2.84%) |
| Oct 17, 2025 | 57 | -9.90 (-14.80%) |
| Oct 24, 2025 | 61.5 | -5.40 (-8.07%) |
| Jan 16, 2026 | 59 | -7.90 (-11.81%) |
| Apr 17, 2026 | 65 | -1.90 (-2.84%) |
| May 15, 2026 | 56 | -10.90 (-16.29%) |
| Jan 15, 2027 | 46 | -20.90 (-31.24%) |