Dynex Capital Inc. (DX)

DX trades at $12.72, pinned near the near-term max pain of $12.5 expiring Oct 17, 2025 (12 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($12.5-$95), signaling increased put positioning or downside protection. Key magnetic zone at 13 where 4 expirations converge.

Max pain for DX shows a downward trend from 95 to 12.5, indicating bearish sentiment or hedging activity. The 284% spread signals divergent expectations across timeframes. Most levels below 12.72 may cap rallies. Strong magnetic level at 13 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.