(IBB)

IBB trades at $138.76, 6.7% above the near-term max pain of $130 expiring Sep 19, 2025 (32 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($130-$140), signaling increased put positioning or downside protection. Key magnetic zone at 130 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IBB shows a downward trend from 140 to 130, indicating bearish sentiment or hedging activity. The 8% spread suggests strong consensus on fair value. Most levels below 138.76 may cap rallies. Strong magnetic level at 130 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.