Hershey (HSY)

HSY trades at $195.11, 5.5% above the near-term max pain of $185 expiring Oct 10, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($95-$195), reflecting growing call interest at higher strikes. Key magnetic zone at 175 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for HSY shows an upward trend from 95 to 195, suggesting bullish positioning in longer-dated options. The 57% spread signals divergent expectations across timeframes. Most levels below 195.11 may cap rallies. Strong magnetic level at 175 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.