Ferroglobe (GSM)
Ferroglobe Max Pain By Strike
GSM trades at $4.18, 4.5% above the near-term max pain of $4 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($1-$4), reflecting growing call interest at higher strikes. Key magnetic zone at 4 where 5 expirations converge.
Ferroglobe Max Pain By Expiry
Max pain for GSM shows an upward trend from 1 to 4, suggesting bullish positioning in longer-dated options. The 104% spread signals divergent expectations across timeframes. Most levels below 4.18 may cap rallies. Strong magnetic level at 4 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 4 | -0.18 (-4.42%) |
| Sep 19, 2025 | 4 | -0.18 (-4.42%) |
| Oct 17, 2025 | 1 | -3.18 (-76.11%) |
| Dec 19, 2025 | 4 | -0.18 (-4.42%) |
| Jan 16, 2026 | 3 | -1.18 (-28.32%) |
| Feb 20, 2026 | 1 | -3.18 (-76.11%) |
| Mar 20, 2026 | 4 | -0.18 (-4.42%) |
| Jun 18, 2026 | 1 | -3.18 (-76.11%) |
| Dec 18, 2026 | 4 | -0.18 (-4.42%) |