Worthington Steel Inc. (WS)

WS trades at $33.23, 10.8% above the near-term max pain of $30 expiring Sep 19, 2025 (26 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($25-$55), signaling increased put positioning or downside protection. Key magnetic zone at 25 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for WS shows a downward trend from 55 to 25, indicating bearish sentiment or hedging activity. The 90% spread signals divergent expectations across timeframes. Levels distributed around 33.23. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.