Southern (SO)

SO trades at $94.55, pinned near the near-term max pain of $93 expiring Oct 10, 2025 (4 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($70-$94), indicating stable market expectations. Key magnetic zone at 93 where 8 expirations converge.

Max pain for SO shows stable levels around 89.00, reflecting balanced market expectations. The 27% spread signals divergent expectations across timeframes. Most levels below 94.55 may cap rallies. Strong magnetic level at 93 (8 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.