Royal Bank of Canada (RY)

RY trades at $146.12, 21.8% above the near-term max pain of $120 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($120-$150), signaling increased put positioning or downside protection. Key magnetic zone at 120 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for RY shows a downward trend from 150 to 120, indicating bearish sentiment or hedging activity. The 23% spread signals divergent expectations across timeframes. Most levels below 146.12 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.