Vanguard Long-Term Bond E... (BLV)

BLV trades at $70.78, pinned near the near-term max pain of $70 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($65-$95), signaling increased put positioning or downside protection. Key magnetic zone at 70 where 2 expirations converge.

Max pain for BLV shows a downward trend from 95 to 65, indicating bearish sentiment or hedging activity. The 41% spread signals divergent expectations across timeframes. Most levels below 70.78 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.