(QWLD)

QWLD trades at $137.37, 9.9% above the near-term max pain of $125 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-$685), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for QWLD shows a downward trend from 685 to 70, indicating bearish sentiment or hedging activity. The 273% spread signals divergent expectations across timeframes. Most levels below 137.37 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.