Ferroglobe (GSM)
Ferroglobe Max Pain By Strike
GSM trades at $4.36, 9.0% above the near-term max pain of $4 expiring Sep 19, 2025 (25 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($1-$4), reflecting growing call interest at higher strikes. Key magnetic zone at 4 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Ferroglobe Max Pain By Expiry
Max pain for GSM shows an upward trend from 1 to 4, suggesting bullish positioning in longer-dated options. The 109% spread signals divergent expectations across timeframes. Most levels below 4.36 may cap rallies. Strong magnetic level at 4 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 4 | -0.36 (-8.17%) |
| Oct 17, 2025 | 1 | -3.36 (-77.04%) |
| Dec 19, 2025 | 4 | -0.36 (-8.17%) |
| Jan 16, 2026 | 3 | -1.36 (-31.13%) |
| Feb 20, 2026 | 1 | -3.36 (-77.04%) |
| Mar 20, 2026 | 4 | -0.36 (-8.17%) |
| Jun 18, 2026 | 1 | -3.36 (-77.04%) |
| Dec 18, 2026 | 4 | -0.36 (-8.17%) |