ProShares - VIX Short-Ter... (VIXY)
ProShares - VIX Short-Term Futures ETF Max Pain By Strike
VIXY trades at $33.56, 4.1% below the near-term max pain of $35 expiring Sep 19, 2025 (2 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($23-$50), signaling increased put positioning or downside protection. Key magnetic zone at 45 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
ProShares - VIX Short-Term Futures ETF Max Pain By Expiry
Max pain for VIXY shows a downward trend from 50 to 23, indicating bearish sentiment or hedging activity. The 69% spread signals divergent expectations across timeframes. Most levels above 33.56 could support dips. 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 | 35 | 1.44 (4.29%) |
| Oct 17, 2025 | 33 | -0.56 (-1.67%) |
| Dec 19, 2025 | 39 | 5.44 (16.21%) |
| Jan 16, 2026 | 45 | 11.44 (34.09%) |
| Mar 20, 2026 | 43 | 9.44 (28.13%) |
| Jun 18, 2026 | 45 | 11.44 (34.09%) |
| Jan 15, 2027 | 50 | 16.44 (48.99%) |
| Jan 21, 2028 | 23 | -10.56 (-31.47%) |