Western Alliance Bancorpo... (WAL)

WAL trades at $86.75, pinned near the near-term max pain of $87.5 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($37.5-$410), reflecting growing call interest at higher strikes. Key magnetic zone at 88 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for WAL shows an upward trend from 37.5 to 410, suggesting bullish positioning in longer-dated options. The 338% spread signals divergent expectations across timeframes. Levels distributed around 86.75. Strong magnetic level at 88 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.