(XSLV)

XSLV trades at $46.19, 21.6% above the near-term max pain of $38 expiring Sep 19, 2025 (32 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($36-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 38 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for XSLV shows a downward trend from 97.5 to 36, indicating bearish sentiment or hedging activity. The 124% spread signals divergent expectations across timeframes. Most levels below 46.19 may cap rallies. Strong magnetic level at 38 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.