Columbia EM Core ex-China... (XCEM)

XCEM trades at $34.19, 36.8% above the near-term max pain of $25 expiring Sep 19, 2025 (18 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($19-$25), signaling increased put positioning or downside protection. Key magnetic zone at 25 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for XCEM shows a downward trend from 25 to 19, indicating bearish sentiment or hedging activity. The 26% spread signals divergent expectations across timeframes. Most levels below 34.19 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.