Summit Therapeutics Inc. (SMMT)

SMMT trades at $21.43, 9.9% above the near-term max pain of $19.5 expiring Oct 10, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($10-$22.5), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 7 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for SMMT shows a downward trend from 22.5 to 10, indicating bearish sentiment or hedging activity. The 64% spread signals divergent expectations across timeframes. Most levels below 21.43 may cap rallies. Strong magnetic level at 20 (7 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.