(IVOV)

IVOV trades at $97.61, 6.1% above the near-term max pain of $92 expiring Sep 19, 2025 (32 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($74-$92), signaling increased put positioning or downside protection. Key magnetic zone at 92 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IVOV shows a downward trend from 92 to 74, indicating bearish sentiment or hedging activity. The 21% spread signals divergent expectations across timeframes. Most levels below 97.61 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.