ASA Gold and Precious Met... (ASA)

ASA trades at $46.84, 17.1% above the near-term max pain of $40 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($7.5-$48), signaling increased put positioning or downside protection. Key magnetic zone at 30 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ASA shows a downward trend from 48 to 7.5, indicating bearish sentiment or hedging activity. The 135% spread signals divergent expectations across timeframes. Most levels below 46.84 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.