Vanguard Financials ETF (VFH)

VFH trades at $130.96, pinned near the near-term max pain of $132 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7.5-$132), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for VFH shows a downward trend from 132 to 7.5, indicating bearish sentiment or hedging activity. The 140% spread signals divergent expectations across timeframes. Most levels below 130.96 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.