Alaska Air Group Inc. (ALK)

ALK trades at $50.84, 3.2% below the near-term max pain of $52.5 expiring Oct 17, 2025 (18 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($40-$55), reflecting growing call interest at higher strikes. Key magnetic zone at 45 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ALK shows an upward trend from 40 to 55, suggesting bullish positioning in longer-dated options. The 30% spread signals divergent expectations across timeframes. Levels distributed around 50.84. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.