Pan American Silver Corp. (PAAS)

PAAS trades at $38.35, 6.5% above the near-term max pain of $36 expiring Oct 3, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($22-$37), signaling increased put positioning or downside protection. Key magnetic zone at 36 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PAAS shows a downward trend from 37 to 22, indicating bearish sentiment or hedging activity. The 47% spread signals divergent expectations across timeframes. Most levels below 38.35 may cap rallies. Strong magnetic level at 36 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.