iShares US Technology ETF (IYW)
iShares US Technology ETF Max Pain By Strike
IYW trades at $181.3, 9.2% above the near-term max pain of $166 expiring Sep 19, 2025 (24 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($158-$185), reflecting growing call interest at higher strikes. High dispersion in max pain levels suggests competing forces and potential volatility.
iShares US Technology ETF Max Pain By Expiry
Max pain for IYW shows an upward trend from 158 to 185, suggesting bullish positioning in longer-dated options. The 16% spread signals divergent expectations across timeframes. Most levels below 181.3 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 | 166 | -15.20 (-8.39%) |
| Oct 17, 2025 | 185 | 3.80 (2.10%) |
| Dec 19, 2025 | 158 | -23.20 (-12.80%) |
| Mar 20, 2026 | 165 | -16.20 (-8.94%) |