(IWB)

IWB trades at $353.13, 19.7% above the near-term max pain of $295 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($240-$350), reflecting growing call interest at higher strikes. Key magnetic zone at 305 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IWB shows an upward trend from 240 to 350, suggesting bullish positioning in longer-dated options. The 37% spread signals divergent expectations across timeframes. Most levels below 353.13 may cap rallies. Strong magnetic level at 305 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.