(TDIV)

TDIV trades at $91.91, 9.4% above the near-term max pain of $84 expiring Sep 19, 2025 (33 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($75-$980), signaling increased put positioning or downside protection. Key magnetic zone at 84 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for TDIV shows a downward trend from 980 to 75, indicating bearish sentiment or hedging activity. The 298% spread signals divergent expectations across timeframes. Levels distributed around 91.91. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.