Applied Materials Inc. (AMAT)

AMAT trades at $217.53, 6.1% above the near-term max pain of $205 expiring Oct 10, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($150-$220), signaling increased put positioning or downside protection. Key magnetic zone at 170 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for AMAT shows a downward trend from 220 to 150, indicating bearish sentiment or hedging activity. The 38% spread signals divergent expectations across timeframes. Most levels below 217.53 may cap rallies. Strong magnetic level at 170 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.