(VIG)

VIG trades at $218.06, pinned near the near-term max pain of $215 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7.5-$215), signaling increased put positioning or downside protection. Key magnetic zone at 190 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for VIG shows a downward trend from 215 to 7.5, indicating bearish sentiment or hedging activity. The 132% spread signals divergent expectations across timeframes. Most levels below 218.06 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.