Fuel Tech Inc. (FTEK)

FTEK trades at $2.98, pinned near the near-term max pain of $3 expiring Oct 17, 2025 (12 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($1-$8), signaling increased put positioning or downside protection. Key magnetic zone at 2 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FTEK shows a downward trend from 8 to 1, indicating bearish sentiment or hedging activity. The 183% spread signals divergent expectations across timeframes. Levels distributed around 2.98. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.