Ferrari N.V. (RACE)

RACE trades at $501.04, 6.6% above the near-term max pain of $470 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($450-$500), signaling increased put positioning or downside protection. Key magnetic zone at 470 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for RACE shows a downward trend from 500 to 450, indicating bearish sentiment or hedging activity. The 11% spread signals divergent expectations across timeframes. Most levels below 501.04 may cap rallies. Strong magnetic level at 470 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.