Ternium S.A. (TX)

TX trades at $32.23, 7.4% above the near-term max pain of $30 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($17.5-$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 17.5, indicating bearish sentiment or hedging activity. The 196% spread signals divergent expectations across timeframes. Levels distributed around 32.23. Strong magnetic level at 30 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.