Gray Media Inc. (GTN)
Gray Media Max Pain By Strike
GTN trades at $5.8, 16.0% above the near-term max pain of $5 expiring Oct 17, 2025 (19 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($2.5-$8), signaling increased put positioning or downside protection. Key magnetic zone at 5 where 6 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Gray Media Max Pain By Expiry
Max pain for GTN shows a downward trend from 8 to 2.5, indicating bearish sentiment or hedging activity. The 115% spread signals divergent expectations across timeframes. Most levels below 5.8 may cap rallies. Strong magnetic level at 5 (6 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 |
---|---|---|
Oct 17, 2025 | 5 | n/a (n/a) |
Nov 21, 2025 | 5 | n/a (n/a) |
Dec 19, 2025 | 5 | n/a (n/a) |
Jan 16, 2026 | 8 | n/a (n/a) |
Feb 20, 2026 | 5 | n/a (n/a) |
May 15, 2026 | 2.5 | n/a (n/a) |
Jul 17, 2026 | 5 | n/a (n/a) |
Oct 16, 2026 | 2.5 | n/a (n/a) |
Dec 18, 2026 | 5 | n/a (n/a) |