Tencent Music Entertainme... (TME)

TME trades at $22.89, 34.6% above the near-term max pain of $17 expiring Oct 17, 2025 (11 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 20 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for TME shows a downward trend from 30 to 15, indicating bearish sentiment or hedging activity. The 73% spread signals divergent expectations across timeframes. Most levels below 22.89 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.