Golden Ocean Group Limite... (GOGL)

GOGL trades at $8.08, 7.7% above the near-term max pain of $7.5 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($5-$50), signaling increased put positioning or downside protection. Key magnetic zone at 5 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for GOGL shows a downward trend from 50 to 5, indicating bearish sentiment or hedging activity. The 290% spread signals divergent expectations across timeframes. Levels distributed around 8.08. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.