Wave Life Sciences Ltd. (WVE)

WVE trades at $7.15, 4.7% below the near-term max pain of $7.5 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($7-$10), signaling increased put positioning or downside protection. Key magnetic zone at 10 where 2 expirations converge.

Max pain for WVE shows a downward trend from 10 to 7, indicating bearish sentiment or hedging activity. The 35% spread signals divergent expectations across timeframes. Most levels above 7.15 could support dips. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.