VanEck Oil Services ETF (OIH)

OIH trades at $266.96, 9.0% above the near-term max pain of $245 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($245-$280), reflecting growing call interest at higher strikes. Key magnetic zone at 255 where 2 expirations converge.

Max pain for OIH shows an upward trend from 245 to 280, suggesting bullish positioning in longer-dated options. The 14% spread signals divergent expectations across timeframes. Most levels below 266.96 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.