XOMA Royalty Corp. (XOMA)

XOMA trades at $39.72, 13.5% above the near-term max pain of $35 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$95), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for XOMA shows a downward trend from 95 to 15, indicating bearish sentiment or hedging activity. The 200% spread signals divergent expectations across timeframes. Most levels below 39.72 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.