iShares Russell Top 200 E... (IWL)

IWL trades at $167.52, 67.5% above the near-term max pain of $100 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($8-$159), reflecting growing call interest at higher strikes. Key magnetic zone at 100 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IWL shows an upward trend from 8 to 159, suggesting bullish positioning in longer-dated options. The 147% spread signals divergent expectations across timeframes. Most levels below 167.52 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.