(AAAU)

AAAU trades at $33.78, 20.6% above the near-term max pain of $28 expiring Sep 19, 2025 (21 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($28-$32), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for AAAU shows a downward trend from 32 to 28, indicating bearish sentiment or hedging activity. The 13% spread signals divergent expectations across timeframes. Most levels below 33.78 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.