(VUG)

VUG trades at $461.88, 20.0% above the near-term max pain of $385 expiring Sep 19, 2025 (32 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($360-$660), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for VUG shows a downward trend from 660 to 360, indicating bearish sentiment or hedging activity. The 69% spread signals divergent expectations across timeframes. Most levels below 461.88 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.