Virtus Terranova U.S. Qua... (JOET)
Virtus Terranova U.S. Quality Momentum ETF Max Pain By Strike
JOET trades at $41.57, 9.4% above the near-term max pain of $38 expiring Sep 19, 2025 (24 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($36-$55), signaling increased put positioning or downside protection. Key magnetic zone at 38 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Virtus Terranova U.S. Quality Momentum ETF Max Pain By Expiry
Max pain for JOET shows a downward trend from 55 to 36, indicating bearish sentiment or hedging activity. The 45% spread signals divergent expectations across timeframes. Levels distributed around 41.57. 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 | 38 | -3.57 (-8.59%) |
| Oct 17, 2025 | 36 | -5.57 (-13.40%) |
| Dec 19, 2025 | 38 | -3.57 (-8.59%) |
| Jan 16, 2026 | 55 | 13.43 (32.31%) |
| Mar 20, 2026 | 44 | 2.43 (5.85%) |