Arena Group Inc. (AREN)
Arena Max Pain By Strike
AREN trades at $6.14, 18.1% below the near-term max pain of $7.5 expiring Sep 19, 2025 (8 days). Look for upward drift as max pain acts as a magnet pulling price higher. Max pain is falling across expirations ($2.5-$97.5), 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.
Arena Max Pain By Expiry
Max pain for AREN shows a downward trend from 97.5 to 2.5, indicating bearish sentiment or hedging activity. The 404% spread signals divergent expectations across timeframes. Levels distributed around 6.14. 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 | 7.5 | 1.36 (22.05%) |
| Oct 17, 2025 | 5 | -1.14 (-18.63%) |
| Nov 21, 2025 | 5 | -1.14 (-18.63%) |
| Jan 16, 2026 | 97.5 | 91.36 (1486.66%) |
| Feb 20, 2026 | 2.5 | -3.64 (-59.32%) |