Vanguard Short-Term Tax-E... (VTES)
Vanguard Short-Term Tax-Exempt Bond ETF Max Pain By Strike
VTES trades at $101.65, 3.7% above the near-term max pain of $98 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($98-$100), indicating stable market expectations. Key magnetic zone at 98 where 2 expirations converge.
Vanguard Short-Term Tax-Exempt Bond ETF Max Pain By Expiry
Max pain for VTES shows stable levels around 98.75, reflecting balanced market expectations. The 2% spread suggests strong consensus on fair value. Most levels below 101.65 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 | 98 | n/a (n/a) |
| Nov 21, 2025 | 99 | n/a (n/a) |
| Dec 19, 2025 | 100 | n/a (n/a) |
| Mar 20, 2026 | 98 | n/a (n/a) |