iShares MSCI USA Quality ... (QUAL)

QUAL trades at $196.49, 10.4% above the near-term max pain of $178 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($171-$680), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for QUAL shows a downward trend from 680 to 171, indicating bearish sentiment or hedging activity. The 192% spread signals divergent expectations across timeframes. Levels distributed around 196.49. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.