FuelCell Energy Inc. (FCEL)
FuelCell Energy Max Pain By Strike
FCEL trades at $6.46, 43.6% above the near-term max pain of $4.5 expiring Sep 12, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($4-$8), signaling increased put positioning or downside protection. Key magnetic zone at 4 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
FuelCell Energy Max Pain By Expiry
Max pain for FCEL shows a downward trend from 8 to 4, indicating bearish sentiment or hedging activity. The 84% spread signals divergent expectations across timeframes. Most levels below 6.46 may cap rallies. Strong magnetic level at 4 (5 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 |
|---|---|---|
| Sep 12, 2025 | 4.5 | -1.96 (-30.34%) |
| Sep 19, 2025 | 4 | -2.46 (-38.08%) |
| Sep 26, 2025 | 4 | -2.46 (-38.08%) |
| Oct 3, 2025 | 4 | -2.46 (-38.08%) |
| Oct 10, 2025 | 4 | -2.46 (-38.08%) |
| Oct 17, 2025 | 5 | -1.46 (-22.60%) |
| Oct 24, 2025 | 4 | -2.46 (-38.08%) |
| Jan 16, 2026 | 8 | 1.54 (23.84%) |
| Apr 17, 2026 | 5 | -1.46 (-22.60%) |
| Jan 15, 2027 | 5 | -1.46 (-22.60%) |