Forum Energy Technologies... (FET)

FET trades at $26.05, 30.3% above the near-term max pain of $20 expiring Sep 19, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($17.5-$20), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 3 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FET shows a downward trend from 20 to 17.5, indicating bearish sentiment or hedging activity. The 13% spread signals divergent expectations across timeframes. Most levels below 26.05 may cap rallies. Strong magnetic level at 20 (3 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.