Annexon Inc. (ANNX)

ANNX trades at $3.37, 124.7% above the near-term max pain of $1.5 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($1-$3), signaling increased put positioning or downside protection. Key magnetic zone at 2 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ANNX shows a downward trend from 3 to 1, indicating bearish sentiment or hedging activity. The 111% spread signals divergent expectations across timeframes. Most levels below 3.37 may cap rallies. Strong magnetic level at 2 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.