H World Group Limited (HTHT)

HTHT trades at $38.5, 10.0% above the near-term max pain of $35 expiring Oct 17, 2025 (12 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($20-$65), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for HTHT shows a downward trend from 65 to 20, indicating bearish sentiment or hedging activity. The 118% spread signals divergent expectations across timeframes. Levels distributed around 38.5. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.