Tourmaline Bio Inc. (TRML)

TRML trades at $23.06, 84.5% above the near-term max pain of $12.5 expiring Sep 19, 2025 (28 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($12.5-$95), signaling increased put positioning or downside protection. Key magnetic zone at 13 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for TRML shows a downward trend from 95 to 12.5, indicating bearish sentiment or hedging activity. The 275% spread signals divergent expectations across timeframes. Most levels below 23.06 may cap rallies. Strong magnetic level at 13 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.