SPDR Russell 1000 Yield F... (ONEY)

ONEY trades at $113.84, 7.4% above the near-term max pain of $106 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($96-$109), signaling increased put positioning or downside protection. Key magnetic zone at 105 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ONEY shows a downward trend from 109 to 96, indicating bearish sentiment or hedging activity. The 12% spread signals divergent expectations across timeframes. Most levels below 113.84 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.