Open Text Corporation (OTEX)

OTEX trades at $37.45, 15.2% above the near-term max pain of $32.5 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($27.5-$35), signaling increased put positioning or downside protection. Key magnetic zone at 30 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for OTEX shows a downward trend from 35 to 27.5, indicating bearish sentiment or hedging activity. The 24% spread signals divergent expectations across timeframes. Most levels below 37.45 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.