Open Text Corporation (OTEX)

OTEX trades at $31.42, 14.3% above the near-term max pain of $27.5 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$30), signaling increased put positioning or downside protection. Key magnetic zone at 28 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for OTEX shows a downward trend from 30 to 15, indicating bearish sentiment or hedging activity. The 58% spread signals divergent expectations across timeframes. Most levels below 31.42 may cap rallies. Strong magnetic level at 28 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.