(FXZ)

FXZ trades at $59.26, 11.8% above the near-term max pain of $53 expiring Sep 19, 2025 (32 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($7-$56), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FXZ shows a downward trend from 56 to 7, indicating bearish sentiment or hedging activity. The 116% spread signals divergent expectations across timeframes. Most levels below 59.26 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.