Vanguard Mortgage-Backed ... (VMBS)
Vanguard Mortgage-Backed Securities ETF Max Pain By Strike
VMBS trades at $46.92, 2.0% above the near-term max pain of $46 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($8-$46), signaling increased put positioning or downside protection. Key magnetic zone at 46 where 2 expirations converge.
Vanguard Mortgage-Backed Securities ETF Max Pain By Expiry
Max pain for VMBS shows a downward trend from 46 to 8, indicating bearish sentiment or hedging activity. The 102% spread signals divergent expectations across timeframes. Most levels below 46.92 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Oct 17, 2025 | 46 | n/a (n/a) |
| Nov 21, 2025 | 45 | n/a (n/a) |
| Jan 16, 2026 | 8 | n/a (n/a) |
| Feb 20, 2026 | 46 | n/a (n/a) |
| May 15, 2026 | 42 | n/a (n/a) |