ZTO Express (Cayman) Inc. (ZTO)

ZTO trades at $19.3, pinned near the near-term max pain of $19 expiring Oct 17, 2025 (19 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($19-$95), signaling increased put positioning or downside protection. Key magnetic zone at 19 where 2 expirations converge.

Max pain for ZTO shows a downward trend from 95 to 19, indicating bearish sentiment or hedging activity. The 236% spread signals divergent expectations across timeframes. Most levels above 19.3 could support dips. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.