(YLD)

YLD trades at $19.33, 28.9% above the near-term max pain of $15 expiring Sep 19, 2025 (26 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$16), signaling increased put positioning or downside protection. Key magnetic zone at 16 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for YLD shows a downward trend from 16 to 15, indicating bearish sentiment or hedging activity. The 6% spread suggests strong consensus on fair value. Most levels below 19.33 may cap rallies. Strong magnetic level at 16 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.