(IYK)

IYK trades at $70.22, 17.0% above the near-term max pain of $60 expiring Sep 19, 2025 (33 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($60-$95), signaling increased put positioning or downside protection. Key magnetic zone at 60 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IYK shows a downward trend from 95 to 60, indicating bearish sentiment or hedging activity. The 51% spread signals divergent expectations across timeframes. Most levels below 70.22 may cap rallies. Strong magnetic level at 60 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.