(IVOG)

IVOG trades at $119.37, 19.4% above the near-term max pain of $100 expiring Sep 19, 2025 (9 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($89-$100), signaling increased put positioning or downside protection. Key magnetic zone at 100 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IVOG shows a downward trend from 100 to 89, indicating bearish sentiment or hedging activity. The 11% spread signals divergent expectations across timeframes. Most levels below 119.37 may cap rallies. Strong magnetic level at 100 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.