VanEck Intermediate Muni ... (ITM)
VanEck Intermediate Muni ETF Max Pain By Strike
ITM trades at $45.58, pinned near the near-term max pain of $45 expiring Sep 19, 2025 (30 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7.5-$600), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
VanEck Intermediate Muni ETF Max Pain By Expiry
Max pain for ITM shows a downward trend from 600 to 7.5, indicating bearish sentiment or hedging activity. The 460% spread signals divergent expectations across timeframes. Most levels below 45.58 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 | 45 | -0.58 (-1.26%) |
| Oct 17, 2025 | 41 | -4.58 (-10.04%) |
| Dec 19, 2025 | 40 | -5.58 (-12.23%) |
| Jan 16, 2026 | 7.5 | -38.08 (-83.54%) |
| Mar 20, 2026 | 40 | -5.58 (-12.23%) |
| Dec 18, 2026 | 600 | 554.42 (1216.51%) |