(IJT)

IJT trades at $137.31, 15.4% above the near-term max pain of $119 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($107-$136), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IJT shows a downward trend from 136 to 107, indicating bearish sentiment or hedging activity. The 23% spread signals divergent expectations across timeframes. Most levels below 137.31 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.