Vanguard FTSE Europe ETF (VGK)

VGK trades at $80.17, 12.9% above the near-term max pain of $71 expiring Sep 19, 2025 (27 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($71-$95), 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 VGK shows a downward trend from 95 to 71, indicating bearish sentiment or hedging activity. The 30% spread signals divergent expectations across timeframes. Most levels below 80.17 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.