Taiwan Semiconductor Manu... (TSM)

TSM trades at $292.25, 6.3% above the near-term max pain of $275 expiring Oct 10, 2025 (5 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($175-$295), signaling increased put positioning or downside protection. Key magnetic zone at 200 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for TSM shows a downward trend from 295 to 175, indicating bearish sentiment or hedging activity. The 52% spread signals divergent expectations across timeframes. Most levels below 292.25 may cap rallies. Strong magnetic level at 200 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.