ProShares - Ultra QQQ (QLD)

QLD trades at $138.35, 31.8% above the near-term max pain of $105 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($65-$130), reflecting growing call interest at higher strikes. Key magnetic zone at 105 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for QLD shows an upward trend from 65 to 130, suggesting bullish positioning in longer-dated options. The 66% spread signals divergent expectations across timeframes. Most levels below 138.35 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.