VanEck Low Carbon Energy ... (SMOG)

SMOG trades at $119.44, 13.8% above the near-term max pain of $105 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($86-$107), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SMOG shows a downward trend from 107 to 86, indicating bearish sentiment or hedging activity. The 21% spread signals divergent expectations across timeframes. Most levels below 119.44 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.