CEMEX S.A.B. de C.V. (CX)

CX trades at $9.07, 51.2% above the near-term max pain of $6 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($6-$10), signaling increased put positioning or downside protection. Key magnetic zone at 7 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for CX shows a downward trend from 10 to 6, indicating bearish sentiment or hedging activity. The 51% spread signals divergent expectations across timeframes. Most levels below 9.07 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.