(IWX)
Max Pain By Strike
IWX trades at $85.6, 22.3% above the near-term max pain of $70 expiring Sep 19, 2025 (32 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($70-$80), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for IWX shows a downward trend from 80 to 70, indicating bearish sentiment or hedging activity. The 13% spread signals divergent expectations across timeframes. Most levels below 85.6 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 | 70 | -15.60 (-18.22%) |
| Oct 17, 2025 | 80 | -5.60 (-6.54%) |
| Dec 19, 2025 | 72 | -13.60 (-15.89%) |
| Mar 20, 2026 | 79 | -6.60 (-7.71%) |