(IYY)

IYY trades at $158.45, 36.6% above the near-term max pain of $116 expiring Sep 19, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($116-$147), signaling increased put positioning or downside protection. Key magnetic zone at 120 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IYY shows a downward trend from 147 to 116, indicating bearish sentiment or hedging activity. The 25% spread signals divergent expectations across timeframes. Most levels below 158.45 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.