TPG RE Finance Trust Inc. (TRTX)

TRTX trades at $8.63, 4.1% below the near-term max pain of $9 expiring Oct 17, 2025 (18 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($1-$9), signaling increased put positioning or downside protection. Key magnetic zone at 7 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for TRTX shows a downward trend from 9 to 1, indicating bearish sentiment or hedging activity. The 119% spread signals divergent expectations across timeframes. Most levels below 8.63 may cap rallies. Strong magnetic level at 7 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.