(IYT)

IYT trades at $71.03, 6.0% above the near-term max pain of $67 expiring Sep 19, 2025 (8 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($8-$69), reflecting growing call interest at higher strikes. Key magnetic zone at 66 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IYT shows an upward trend from 8 to 69, suggesting bullish positioning in longer-dated options. The 111% spread signals divergent expectations across timeframes. Most levels below 71.03 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.