Xunlei Limited (XNET)

XNET trades at $9.78, 22.2% above the near-term max pain of $8 expiring Oct 17, 2025 (13 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($5-$95), signaling increased put positioning or downside protection. Key magnetic zone at 5 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for XNET shows a downward trend from 95 to 5, indicating bearish sentiment or hedging activity. The 369% spread signals divergent expectations across timeframes. Most levels below 9.78 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.