MorningStar Partners L.P. (TXO)
MorningStar Partners L.P. Max Pain By Strike
TXO trades at $14.66, 2.3% below the near-term max pain of $15 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($2.5-$15), signaling increased put positioning or downside protection. Key magnetic zone at 15 where 3 expirations converge.
MorningStar Partners L.P. Max Pain By Expiry
Max pain for TXO shows a downward trend from 15 to 2.5, indicating bearish sentiment or hedging activity. The 104% spread signals divergent expectations across timeframes. Levels distributed around 14.66. Strong magnetic level at 15 (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 |
|---|---|---|
| Aug 15, 2025 | 15 | 0.34 (2.28%) |
| Sep 19, 2025 | 15 | 0.34 (2.28%) |
| Oct 17, 2025 | 2.5 | -12.16 (-82.95%) |
| Nov 21, 2025 | 12.5 | -2.16 (-14.76%) |
| Feb 20, 2026 | 15 | 0.34 (2.28%) |