Ferroglobe (GSM)

GSM trades at $4.31, 7.7% above the near-term max pain of $4 expiring Oct 17, 2025 (18 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($1-$4), indicating stable market expectations. Key magnetic zone at 1 where 6 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for GSM shows stable levels around 2.20, reflecting balanced market expectations. The 136% spread signals divergent expectations across timeframes. Most levels below 4.31 may cap rallies. Strong magnetic level at 1 (6 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.