Phillips 66 (PSX)

PSX trades at $139.41, 5.6% above the near-term max pain of $132 expiring Oct 3, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is stable across expirations ($115-$136), indicating stable market expectations. Key magnetic zone at 120 where 7 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for PSX shows stable levels around 125.94, reflecting balanced market expectations. The 17% spread signals divergent expectations across timeframes. Most levels below 139.41 may cap rallies. Strong magnetic level at 120 (7 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.