Terns Pharmaceuticals Inc... (TERN)
Terns Pharmaceuticals Max Pain By Strike
TERN trades at $7.55, 25.8% above the near-term max pain of $6 expiring Sep 19, 2025 (9 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($5-$7), signaling increased put positioning or downside protection. Key magnetic zone at 5 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Terns Pharmaceuticals Max Pain By Expiry
Max pain for TERN shows a downward trend from 7 to 5, indicating bearish sentiment or hedging activity. The 36% spread signals divergent expectations across timeframes. Most levels below 7.55 may cap rallies. Strong magnetic level at 5 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 6 | -1.55 (-20.53%) |
| Oct 17, 2025 | 5 | -2.55 (-33.77%) |
| Jan 16, 2026 | 5 | -2.55 (-33.77%) |
| Apr 17, 2026 | 7 | -0.55 (-7.28%) |
| Jan 15, 2027 | 5 | -2.55 (-33.77%) |