Lloyds Banking Group (LYG)

LYG trades at $4.59, 14.7% above the near-term max pain of $4 expiring Oct 17, 2025 (13 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($3-$4), signaling increased put positioning or downside protection. Key magnetic zone at 4 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for LYG shows a downward trend from 4 to 3, indicating bearish sentiment or hedging activity. The 27% spread signals divergent expectations across timeframes. Most levels below 4.59 may cap rallies. Strong magnetic level at 4 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.