Helmerich & Payne Inc. (HP)

HP trades at $22.64, 13.2% above the near-term max pain of $20 expiring Oct 17, 2025 (18 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($17.5-$25), signaling increased put positioning or downside protection. Key magnetic zone at 20 where 4 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for HP shows a downward trend from 25 to 17.5, indicating bearish sentiment or hedging activity. The 36% spread signals divergent expectations across timeframes. Most levels below 22.64 may cap rallies. Strong magnetic level at 20 (4 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.