(IWF)

IWF trades at $450.4, 23.4% above the near-term max pain of $365 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($365-$415), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IWF shows a downward trend from 415 to 365, indicating bearish sentiment or hedging activity. The 13% spread signals divergent expectations across timeframes. Most levels below 450.4 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.