VanEck Real Assets ETF (RAAX)

RAAX trades at $32.51, 12.1% above the near-term max pain of $29 expiring Sep 19, 2025 (24 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($24-$32), signaling increased put positioning or downside protection. Key magnetic zone at 29 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for RAAX shows a downward trend from 32 to 24, indicating bearish sentiment or hedging activity. The 28% spread signals divergent expectations across timeframes. Most levels below 32.51 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.