Delek Logistics Partners ... (DKL)

DKL trades at $45.5, pinned near the near-term max pain of $45 expiring Oct 17, 2025 (19 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7-$95), signaling increased put positioning or downside protection. Key magnetic zone at 40 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for DKL shows a downward trend from 95 to 7, indicating bearish sentiment or hedging activity. The 197% spread signals divergent expectations across timeframes. Most levels below 45.5 may cap rallies. Strong magnetic level at 40 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.