APA Corporation (APA)
APA Max Pain By Strike
APA trades at $22.84, 14.2% above the near-term max pain of $20 expiring Sep 19, 2025 (6 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($17.5-$95), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
APA Max Pain By Expiry
Max pain for APA shows a downward trend from 95 to 17.5, indicating bearish sentiment or hedging activity. The 298% spread signals divergent expectations across timeframes. Most levels below 22.84 may cap rallies. Strong magnetic level at 20 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 20 | -2.84 (-12.43%) |
| Sep 26, 2025 | 21 | -1.84 (-8.06%) |
| Oct 3, 2025 | 22 | -0.84 (-3.68%) |
| Oct 10, 2025 | 23 | 0.16 (0.70%) |
| Oct 17, 2025 | 20 | -2.84 (-12.43%) |
| Oct 24, 2025 | 22 | -0.84 (-3.68%) |
| Oct 31, 2025 | 23 | 0.16 (0.70%) |
| Jan 16, 2026 | 20 | -2.84 (-12.43%) |
| Mar 20, 2026 | 20 | -2.84 (-12.43%) |
| Apr 17, 2026 | 20 | -2.84 (-12.43%) |
| Jun 18, 2026 | 22.5 | -0.34 (-1.49%) |
| Sep 18, 2026 | 17.5 | -5.34 (-23.38%) |
| Dec 18, 2026 | 95 | 72.16 (315.94%) |
| Jan 15, 2027 | 17.5 | -5.34 (-23.38%) |