(NZUS)

NZUS trades at $34.6, 50.4% above the near-term max pain of $23 expiring Sep 19, 2025 (7 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($21-$24), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for NZUS shows a downward trend from 24 to 21, indicating bearish sentiment or hedging activity. The 13% spread signals divergent expectations across timeframes. Most levels below 34.6 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.