(IWF)
Max Pain By Strike
IWF trades at $440.3, 4.8% above the near-term max pain of $420 expiring Sep 19, 2025 (29 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($400-$420), indicating stable market expectations. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for IWF shows stable levels around 411.25, reflecting balanced market expectations. The 5% spread suggests strong consensus on fair value. Most levels below 440.3 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 |
|---|---|---|
| Sep 19, 2025 | 420 | -20.30 (-4.61%) |
| Oct 17, 2025 | 410 | -30.30 (-6.88%) |
| Nov 21, 2025 | 400 | -40.30 (-9.15%) |
| Feb 20, 2026 | 415 | -25.30 (-5.75%) |