Appian Corporation (APPN)
Appian Max Pain By Strike
APPN trades at $29.73, 8.1% above the near-term max pain of $27.5 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($25-$30), signaling increased put positioning or downside protection. Key magnetic zone at 28 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Appian Max Pain By Expiry
Max pain for APPN shows a downward trend from 30 to 25, indicating bearish sentiment or hedging activity. The 18% spread signals divergent expectations across timeframes. Levels distributed around 29.73. Strong magnetic level at 28 (3 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 |
|---|---|---|
| Aug 15, 2025 | 27.5 | -2.23 (-7.49%) |
| Sep 19, 2025 | 27.5 | -2.23 (-7.49%) |
| Oct 17, 2025 | 25 | -4.73 (-15.90%) |
| Nov 21, 2025 | 30 | 0.27 (0.92%) |
| Jan 16, 2026 | 30 | 0.27 (0.92%) |
| Feb 20, 2026 | 27.5 | -2.23 (-7.49%) |