Royal Bank of Canada (RY)

RY trades at $144.54, 7.1% above the near-term max pain of $135 expiring Sep 19, 2025 (13 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($115-$135), signaling increased put positioning or downside protection. Key magnetic zone at 135 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 135 to 115, indicating bearish sentiment or hedging activity. The 16% spread signals divergent expectations across timeframes. Most levels below 144.54 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.