iShares 0-5 Year High Yie... (SHYG)

SHYG trades at $43.07, 7.7% above the near-term max pain of $40 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($40-$300), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SHYG shows a downward trend from 300 to 40, indicating bearish sentiment or hedging activity. The 281% spread signals divergent expectations across timeframes. Most levels below 43.07 may cap rallies. Strong magnetic level at 40 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.