Kenon Ltd. (KEN)

KEN trades at $45.41, 13.5% above the near-term max pain of $40 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($22.5-$55), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for KEN shows a downward trend from 55 to 22.5, indicating bearish sentiment or hedging activity. The 80% spread signals divergent expectations across timeframes. Most levels below 45.41 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.