VanEck Africa Index ETF (AFK)

AFK trades at $22.07, 5.1% above the near-term max pain of $21 expiring Sep 19, 2025 (28 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($12-$95), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for AFK shows a downward trend from 95 to 12, indicating bearish sentiment or hedging activity. The 249% spread signals divergent expectations across timeframes. Most levels below 22.07 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.