CEMEX S.A.B. de C.V. (CX)

CX trades at $8.99, 49.8% above the near-term max pain of $6 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($6-$12), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CX shows a downward trend from 12 to 6, indicating bearish sentiment or hedging activity. The 69% spread signals divergent expectations across timeframes. Levels distributed around 8.99. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.