VanEck Merk Gold ETF (OUNZ)

OUNZ trades at $37.42, 29.0% above the near-term max pain of $29 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($29-$97.5), signaling increased put positioning or downside protection. Key magnetic zone at 32 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for OUNZ shows a downward trend from 97.5 to 29, indicating bearish sentiment or hedging activity. The 153% spread signals divergent expectations across timeframes. Most levels below 37.42 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.