(IAGG)

IAGG trades at $51.3, 11.5% above the near-term max pain of $46 expiring Sep 19, 2025 (10 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($45-$95), signaling increased put positioning or downside protection. Key magnetic zone at 46 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IAGG shows a downward trend from 95 to 45, indicating bearish sentiment or hedging activity. The 90% spread signals divergent expectations across timeframes. Most levels below 51.3 may cap rallies. Strong magnetic level at 46 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.