Vanguard Short-Term Corpo... (VCSH)

VCSH trades at $79.82, 6.4% above the near-term max pain of $75 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($9-$80), signaling increased put positioning or downside protection. Key magnetic zone at 75 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for VCSH shows a downward trend from 80 to 9, indicating bearish sentiment or hedging activity. The 112% spread signals divergent expectations across timeframes. Most levels below 79.82 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.