HUTCHMED (China) Limited (HCM)

HCM trades at $16.09, 7.3% above the near-term max pain of $15 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$17.5), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for HCM shows a downward trend from 17.5 to 15, indicating bearish sentiment or hedging activity. The 15% spread signals divergent expectations across timeframes. Levels distributed around 16.09. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.