ZTO Express (Cayman) Inc. (ZTO)

ZTO trades at $19, pinned near the near-term max pain of $19 expiring Oct 17, 2025 (12 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($19-$95), signaling increased put positioning or downside protection. Key magnetic zone at 19 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ZTO shows a downward trend from 95 to 19, indicating bearish sentiment or hedging activity. The 249% spread signals divergent expectations across timeframes. Levels distributed around 19. Strong magnetic level at 19 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.