American Well Corporation (AMWL)

AMWL trades at $6.3, 26.0% above the near-term max pain of $5 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($5-$7.5), signaling increased put positioning or downside protection. Key magnetic zone at 5 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for AMWL shows a downward trend from 7.5 to 5, indicating bearish sentiment or hedging activity. The 40% spread signals divergent expectations across timeframes. Levels distributed around 6.3. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.