Tourmaline Bio Inc. (TRML)
Tourmaline Bio Max Pain By Strike
TRML trades at $47.6, 58.7% above the near-term max pain of $30 expiring Sep 19, 2025 (8 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($30-$95), signaling increased put positioning or downside protection. Key magnetic zone at 45 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Tourmaline Bio Max Pain By Expiry
Max pain for TRML shows a downward trend from 95 to 30, indicating bearish sentiment or hedging activity. The 125% spread signals divergent expectations across timeframes. Most levels below 47.6 may cap rallies. Strong magnetic level at 45 (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 | 30 | -17.60 (-36.97%) |
| Oct 17, 2025 | 45 | -2.60 (-5.46%) |
| Dec 19, 2025 | 45 | -2.60 (-5.46%) |
| Jan 16, 2026 | 95 | 47.40 (99.58%) |
| Mar 20, 2026 | 45 | -2.60 (-5.46%) |