(IWN)
Max Pain By Strike
IWN trades at $175.57, 5.1% above the near-term max pain of $167 expiring Sep 19, 2025 (6 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($155-$180), signaling increased put positioning or downside protection.
Max Pain By Expiry
Max pain for IWN shows a downward trend from 180 to 155, indicating bearish sentiment or hedging activity. The 15% spread signals divergent expectations across timeframes. Most levels below 175.57 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 167 | -8.57 (-4.88%) |
| Oct 17, 2025 | 170 | -5.57 (-3.17%) |
| Nov 21, 2025 | 155 | -20.57 (-11.72%) |
| Feb 20, 2026 | 180 | 4.43 (2.52%) |