Invesco Variable Rate Pre... (VRP)
Invesco Variable Rate Preferred ETF Max Pain By Strike
VRP trades at $24.71, 23.6% above the near-term max pain of $20 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($20-$22), indicating stable market expectations. Key magnetic zone at 21 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Invesco Variable Rate Preferred ETF Max Pain By Expiry
Max pain for VRP shows stable levels around 21.00, reflecting balanced market expectations. The 10% spread suggests strong consensus on fair value. Most levels below 24.71 may cap rallies. 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 |
|---|---|---|
| Oct 17, 2025 | 20 | n/a (n/a) |
| Nov 21, 2025 | 22 | n/a (n/a) |
| Jan 16, 2026 | 21 | n/a (n/a) |
| Apr 17, 2026 | 21 | n/a (n/a) |