Westlake Chemical Partner... (WLKP)

WLKP trades at $21.45, 7.2% above the near-term max pain of $20 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($20-$22.5), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 3 expirations converge.

Max pain for WLKP shows a downward trend from 22.5 to 20, indicating bearish sentiment or hedging activity. The 11% spread signals divergent expectations across timeframes. Most levels above 21.45 could support dips. Strong magnetic level at 23 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.