International Business Ma... (IBM)

IBM trades at $288.36, 5.8% above the near-term max pain of $272.5 expiring Oct 10, 2025 (4 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($190-$280), signaling increased put positioning or downside protection. Key magnetic zone at 250 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for IBM shows a downward trend from 280 to 190, indicating bearish sentiment or hedging activity. The 36% spread signals divergent expectations across timeframes. Most levels below 288.36 may cap rallies. Strong magnetic level at 250 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.