VanEck Natural Resources ... (HAP)
VanEck Natural Resources ETF Max Pain By Strike
HAP trades at $55.37, 31.8% above the near-term max pain of $42 expiring Sep 19, 2025 (26 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($42-$90), signaling increased put positioning or downside protection. Key magnetic zone at 42 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
VanEck Natural Resources ETF Max Pain By Expiry
Max pain for HAP shows a downward trend from 90 to 42, indicating bearish sentiment or hedging activity. The 89% spread signals divergent expectations across timeframes. Most levels below 55.37 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 42 | -13.37 (-24.15%) |
| Oct 17, 2025 | 49 | -6.37 (-11.50%) |
| Dec 19, 2025 | 42 | -13.37 (-24.15%) |
| Jan 16, 2026 | 90 | 34.63 (62.54%) |
| Mar 20, 2026 | 48 | -7.37 (-13.31%) |