Open Text Corporation (OTEX)

OTEX trades at $31.74, 5.8% above the near-term max pain of $30 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($15-$30), signaling increased put positioning or downside protection. Key magnetic zone at 28 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for OTEX shows a downward trend from 30 to 15, indicating bearish sentiment or hedging activity. The 59% spread signals divergent expectations across timeframes. Most levels below 31.74 may cap rallies. Strong magnetic level at 28 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.