American Financial Group ... (AFG)

AFG trades at $148.61, 6.2% above the near-term max pain of $140 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($130-$380), signaling increased put positioning or downside protection. Key magnetic zone at 130 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for AFG shows a downward trend from 380 to 130, indicating bearish sentiment or hedging activity. The 137% spread signals divergent expectations across timeframes. Most levels below 148.61 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.