Arena Group Inc. (AREN)
Arena Max Pain By Strike
AREN trades at $6.63, 11.6% below the near-term max pain of $7.5 expiring Aug 15, 2025 (0 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 3 where 3 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 475% spread signals divergent expectations across timeframes. Levels distributed around 6.63. Strong magnetic level at 3 (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 | 7.5 | 0.87 (13.07%) |
| Sep 19, 2025 | 7.5 | 0.87 (13.07%) |
| Oct 17, 2025 | 2.5 | -4.13 (-62.31%) |
| Nov 21, 2025 | 2.5 | -4.13 (-62.31%) |
| Jan 16, 2026 | 97.5 | 90.87 (1369.92%) |
| Feb 20, 2026 | 2.5 | -4.13 (-62.31%) |