iShares SP Mid-Cap 400 Va... (IJJ)

IJJ trades at $131.15, 6.6% above the near-term max pain of $123 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($120-$130), reflecting growing call interest at higher strikes.

Max pain for IJJ shows an upward trend from 120 to 130, suggesting bullish positioning in longer-dated options. The 8% spread suggests strong consensus on fair value. Most levels below 131.15 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.