(VUG)

VUG trades at $451.82, 14.4% above the near-term max pain of $395 expiring Sep 19, 2025 (30 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($360-$660), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for VUG shows a downward trend from 660 to 360, indicating bearish sentiment or hedging activity. The 68% spread signals divergent expectations across timeframes. Most levels below 451.82 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.