Olin Corporation (OLN)

OLN trades at $21.36, 6.8% above the near-term max pain of $20 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($7.5-$20), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for OLN shows a downward trend from 20 to 7.5, indicating bearish sentiment or hedging activity. The 70% spread signals divergent expectations across timeframes. Most levels below 21.36 may cap rallies. Strong magnetic level at 20 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.