(TECB)

TECB trades at $58.58, 10.5% above the near-term max pain of $53 expiring Sep 19, 2025 (33 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($39-$53), signaling increased put positioning or downside protection. Key magnetic zone at 53 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for TECB shows a downward trend from 53 to 39, indicating bearish sentiment or hedging activity. The 28% spread signals divergent expectations across timeframes. Most levels below 58.58 may cap rallies. Strong magnetic level at 53 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.