(VNQ)

VNQ trades at $90.03, pinned near the near-term max pain of $90 expiring Sep 19, 2025 (31 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($89-$100), signaling increased put positioning or downside protection. Key magnetic zone at 89 where 3 expirations converge.

Max pain for VNQ shows a downward trend from 100 to 89, indicating bearish sentiment or hedging activity. The 12% spread signals divergent expectations across timeframes. Levels distributed around 90.03. Strong magnetic level at 89 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.