PGIM Ultra Short Bond ETF (PULS)

PULS trades at $49.78, 10.6% above the near-term max pain of $45 expiring Sep 19, 2025 (27 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($8-$45), reflecting growing call interest at higher strikes. Key magnetic zone at 45 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PULS shows an upward trend from 8 to 45, suggesting bullish positioning in longer-dated options. The 98% spread signals divergent expectations across timeframes. Most levels below 49.78 may cap rallies. Strong magnetic level at 45 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.