Genesis Energy L.P. (GEL)

GEL trades at $16.52, 10.1% above the near-term max pain of $15 expiring Sep 19, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($12.5-$70), signaling increased put positioning or downside protection. Key magnetic zone at 18 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for GEL shows a downward trend from 70 to 12.5, indicating bearish sentiment or hedging activity. The 252% spread signals divergent expectations across timeframes. Levels distributed around 16.52. Strong magnetic level at 18 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.