Terns Pharmaceuticals Inc... (TERN)
Terns Pharmaceuticals Max Pain By Strike
TERN trades at $6.76, 12.7% above the near-term max pain of $6 expiring Sep 19, 2025 (31 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($1-$6), reflecting growing call interest at higher strikes. Key magnetic zone at 5 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Terns Pharmaceuticals Max Pain By Expiry
Max pain for TERN shows an upward trend from 1 to 6, suggesting bullish positioning in longer-dated options. The 125% spread signals divergent expectations across timeframes. Most levels below 6.76 may cap rallies. 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 | 6 | -0.76 (-11.31%) |
| Oct 17, 2025 | 3 | -3.76 (-55.65%) |
| Jan 16, 2026 | 5 | -1.76 (-26.09%) |
| Apr 17, 2026 | 1 | -5.76 (-85.22%) |
| Jan 15, 2027 | 5 | -1.76 (-26.09%) |