Couchbase Inc. (BASE)

BASE trades at $24.51, 8.9% above the near-term max pain of $22.5 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($20-$22.5), signaling increased put positioning or downside protection. Key magnetic zone at 23 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for BASE shows a downward trend from 22.5 to 20, indicating bearish sentiment or hedging activity. The 12% spread signals divergent expectations across timeframes. Most levels below 24.51 may cap rallies. Strong magnetic level at 23 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.