Forum Energy Technologies... (FET)

FET trades at $23.17, 32.4% above the near-term max pain of $17.5 expiring Aug 15, 2025 (0 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$17.5), signaling increased put positioning or downside protection. Key magnetic zone at 18 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FET shows a downward trend from 17.5 to 2.5, indicating bearish sentiment or hedging activity. The 115% spread signals divergent expectations across timeframes. Most levels below 23.17 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.