Galapagos N.V. (GLPG)

GLPG trades at $33.78, 12.6% above the near-term max pain of $30 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($17.5-$30), signaling increased put positioning or downside protection. Key magnetic zone at 30 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for GLPG shows a downward trend from 30 to 17.5, indicating bearish sentiment or hedging activity. The 48% spread signals divergent expectations across timeframes. Most levels below 33.78 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.