Ternium S.A. (TX)

TX trades at $34.61, 15.4% above the near-term max pain of $30 expiring Sep 19, 2025 (12 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 30 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for TX shows a downward trend from 95 to 30, indicating bearish sentiment or hedging activity. The 148% spread signals divergent expectations across timeframes. Levels distributed around 34.61. Strong magnetic level at 30 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.