Algoma Steel Group Inc. (ASTL)
Algoma Steel Max Pain By Strike
ASTL trades at $4.55, 24.2% below the near-term max pain of $6 expiring Aug 15, 2025 (0 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($1-$8), signaling increased put positioning or downside protection. Key magnetic zone at 5 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Algoma Steel Max Pain By Expiry
Max pain for ASTL shows a downward trend from 8 to 1, indicating bearish sentiment or hedging activity. The 135% spread signals divergent expectations across timeframes. Most levels above 4.55 could support dips. 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 |
|---|---|---|
| Aug 15, 2025 | 6 | 1.45 (31.87%) |
| Sep 19, 2025 | 5 | 0.45 (9.89%) |
| Oct 17, 2025 | 1 | -3.55 (-78.02%) |
| Nov 21, 2025 | 6 | 1.45 (31.87%) |
| Jan 16, 2026 | 5 | 0.45 (9.89%) |
| Feb 20, 2026 | 8 | 3.45 (75.82%) |