Ternium S.A. (TX)

TX trades at $33.1, 10.3% above the near-term max pain of $30 expiring Sep 19, 2025 (27 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($30-$95), signaling increased put positioning or downside protection. Key magnetic zone at 30 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for TX shows a downward trend from 95 to 30, indicating bearish sentiment or hedging activity. The 151% spread signals divergent expectations across timeframes. Most levels below 33.1 may cap rallies. Strong magnetic level at 30 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.