(IWX)

IWX trades at $86.47, 23.5% above the near-term max pain of $70 expiring Sep 19, 2025 (25 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($70-$80), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IWX shows a downward trend from 80 to 70, indicating bearish sentiment or hedging activity. The 13% spread signals divergent expectations across timeframes. Most levels below 86.47 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.