(XVV)

XVV trades at $49.79, 15.8% above the near-term max pain of $43 expiring Sep 19, 2025 (33 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($33-$45), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for XVV shows a downward trend from 45 to 33, indicating bearish sentiment or hedging activity. The 30% spread signals divergent expectations across timeframes. Most levels below 49.79 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.