Worthington Steel Inc. (WS)

WS trades at $32.3, 7.7% 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 ($20-$55), signaling increased put positioning or downside protection. Key magnetic zone at 25 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for WS shows a downward trend from 55 to 20, indicating bearish sentiment or hedging activity. The 111% spread signals divergent expectations across timeframes. Most levels below 32.3 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.