RLX Technology Inc. (RLX)

RLX trades at $2.5, 25.0% above the near-term max pain of $2 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($1-$2), reflecting growing call interest at higher strikes. Key magnetic zone at 2 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for RLX shows an upward trend from 1 to 2, suggesting bullish positioning in longer-dated options. The 62% spread signals divergent expectations across timeframes. Most levels below 2.5 may cap rallies. Strong magnetic level at 2 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.