(IBB)

IBB trades at $150.85, 7.0% above the near-term max pain of $141 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($130-$145), signaling increased put positioning or downside protection. Key magnetic zone at 135 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IBB shows a downward trend from 145 to 130, indicating bearish sentiment or hedging activity. The 11% spread signals divergent expectations across timeframes. Most levels below 150.85 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.