Arena Group Inc. (AREN)
Arena Max Pain By Strike
AREN trades at $4.96, pinned near the near-term max pain of $5 expiring Oct 17, 2025 (11 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($2.5-$97.5), reflecting growing call interest at higher strikes. Key magnetic zone at 5 where 3 expirations converge.
Arena Max Pain By Expiry
Max pain for AREN shows an upward trend from 2.5 to 97.5, suggesting bullish positioning in longer-dated options. The 413% spread signals divergent expectations across timeframes. Most levels above 4.96 could support dips. Strong magnetic level at 5 (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 |
|---|---|---|
| Oct 17, 2025 | 5 | n/a (n/a) |
| Nov 21, 2025 | 5 | n/a (n/a) |
| Jan 16, 2026 | 97.5 | n/a (n/a) |
| Feb 20, 2026 | 2.5 | n/a (n/a) |
| May 15, 2026 | 5 | n/a (n/a) |