Lloyds Banking Group (LYG)

LYG trades at $4.38, 9.5% above the near-term max pain of $4 expiring Sep 19, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($2-$4), reflecting growing call interest at higher strikes. Key magnetic zone at 4 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for LYG shows an upward trend from 2 to 4, suggesting bullish positioning in longer-dated options. The 62% spread signals divergent expectations across timeframes. Most levels below 4.38 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.