ConocoPhillips (COP)

COP trades at $94.17, pinned near the near-term max pain of $95 expiring Oct 10, 2025 (4 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($85-$105), signaling increased put positioning or downside protection. Key magnetic zone at 95 where 6 expirations converge.

Max pain for COP shows a downward trend from 105 to 85, indicating bearish sentiment or hedging activity. The 21% spread signals divergent expectations across timeframes. Most levels above 94.17 could support dips. Strong magnetic level at 95 (6 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.