iShares MSCI Japan ETF (EWJ)

EWJ trades at $81.78, 2.2% above the near-term max pain of $80 expiring Oct 10, 2025 (4 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($65-$80), reflecting growing call interest at higher strikes. Key magnetic zone at 80 where 5 expirations converge.

Max pain for EWJ shows an upward trend from 65 to 80, suggesting bullish positioning in longer-dated options. The 20% spread signals divergent expectations across timeframes. Most levels below 81.78 may cap rallies. Strong magnetic level at 80 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.