VanEck Short Muni ETF (SMB)

SMB trades at $17.32, 23.7% above the near-term max pain of $14 expiring Sep 19, 2025 (28 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($14-$14), indicating stable market expectations. Key magnetic zone at 14 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SMB shows stable levels around 14.00, reflecting balanced market expectations. The 0% spread suggests strong consensus on fair value. Most levels below 17.32 may cap rallies. Strong magnetic level at 14 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.